• English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On December 21, Russian Presidential Aide Ushakov told the media that the proposal to hold trilateral talks between Russia, the United States, and Ukraine has not yet been put on the agenda or discussed. He also pointed out that the modifications proposed by Ukraine and Europe to the Russia-Ukraine "peace plan" are not conducive to advancing the agreement. Ushakov confirmed that Russias Special Representative for Foreign Investment and Economic Cooperation, Dmitriev, is currently in Miami holding talks with the US. He revealed that Dmitriev will report on the results of the talks with the US after returning to Moscow. On the same day, Russian Presidential Press Secretary Peskov told the media that President Putin has no plans to speak with US President Trump before the end of the year, but arranging a call would be easy.On December 21st, according to Japanese sources, during a debate program, Itsunori Onodera, chairman of the Liberal Democratic Partys (LDP) Security Research Council, proposed that it is necessary to discuss the definition of the "Three Non-Nuclear Principles." He discussed Japans current reliance on the US "nuclear umbrella," stating, "This is one of the issues that should be discussed." Onodera said the LDP plans to submit a related motion to the Cabinet in February next year to promote discussion in the Diet. The "Three Non-Nuclear Principles" refer to not possessing, manufacturing, or introducing nuclear weapons. Recently, several political parties, politicians, and numerous civic organizations in Japan have called for adherence to the "Three Non-Nuclear Principles" to avoid a repeat of the tragedy of war.Kremlin: The idea of a trilateral meeting between Russia, the United States, and Ukraine has not yet been discussed.On December 21, the Communist Party of Cuba issued a statement on its official website on the 20th, condemning the US governments escalation of aggression against Venezuela in the strongest terms and accusing the US of its recent actions in Venezuela of being a deliberately planned and dangerous act.SpaceX: Public safety is always our top priority during flight tests. We will continue to ensure that public safety is maximized.

Natural Gas Prices Continue to Rise, Reaching a Multi-Month High

Drake Hampton

Mar 31, 2022 10:17

Significant Insights

  • Natural gas prices have surged significantly.

  • Prices finished close to a four-month high.

  • The weather is forecast to be typical.

 

Natural gas prices spiked on Wednesday, ahead of the Energy Information Administration's inventory update on Thursday. Estimize, a survey provider, anticipates a 14 Bcf drop in inventories. The weather is forecast to remain normal during the next six to ten and eight to fourteen days, with high temperatures along the Atlantic and Pacific coasts.

 

Residential and commercial sectors drive reduce natural gas consumption in the United States. Natural gas usage in the United States decreased by 18.6 percent in the previous report week. Week over week, natural gas use for power generation decreased by 7.0 percent. Consumption in the industrial sector declined by 5.5 percent. Consumption fell by 37.1 percent in the residential and commercial sectors.

Technical analysis

Natural gas prices finished at a multi-month high on Wednesday and are ready to test new highs. Near the October highs of 6.46, resistance is present.

 

The short-term momentum indicator has turned positive as a crossing buy signal was given by the fast stochastic. Prices have re-entered overbought territory, with the Fast Stochastic reading 93, exceeding the overbought trigger level of 80.

 

The medium-term trend has shifted to the positive. The MACD (moving average convergence divergence) indicator generates a buy signal upon crossover. This occurs when the MACD line (the 12-day moving average divided by the 26-day moving average) crosses over the MACD line's 9-day moving average.


image.png