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On January 11, the weather in northern and western Japan near the Sea of Japan has been extremely cold recently, with heavy snowfall in large areas over the past few days. In particular, the snow depth in Suoyu, Aomori Prefecture reached 3.7 meters on the 10th. Due to the snowfall, some sections of Japans highways were closed, and some Shinkansen trains were suspended or delayed.British Chancellor of the Exchequer Reeves: The fiscal rules set in the October budget are "non-negotiable". Global financial markets have undoubtedly changed.On January 11, Mitsubishi Motors President Takao Kato was interviewed on January 10. Regarding whether to join the management merger consultation between Honda and Nissan, he said "this is one of the options." Speaking of the envisioned benefits, Kato Takao said "We can actively get help in the North American business (where Mitsubishi Motors has no production base)." Kato Takao also pointed out that in terms of in-vehicle software development, "there will also be scenarios where the technical strength of the two companies will be utilized, which will be very beneficial." Honda and Nissan announced the full launch of management merger consultations in December last year. Mitsubishi Motors previously stated that it will decide whether to join the consultations around the end of January.On January 11, CICC commented on the US non-farm data. The team believes that the highlight of this time is the recovery of the service industry. The service industry has added 231,000 jobs, which has become the main driving force. Judging from the market reaction, the unexpected non-farm data has pushed the US Treasury bond interest rate and the US dollar to a new high, which is also in line with its judgment since the fourth quarter of last year: it believes that the US dollar is still strong and that interest rate cuts should be "done in reverse". When the interest rate cut is realized, it will be the low point of the US Treasury bond interest rate, rather than continuing to look at the recession and the starting point of the downward interest rate.German Geoscience Research Center GFZ: A 5.5-magnitude earthquake occurred in Ethiopia.

Natural Gas Prices Rebound After Weeks of Decline

Larissa Barlow

Apr 26, 2022 10:33

Natural gas prices recovered and finished higher following a 3.7 percent decline on Friday and an 8.5 percent decline for the week. LNG exports increased last week, and demand for LNG remains robust, as natural gas arrivals at LNG terminals continue to rise. For the next two weeks, the weather is forecast to be colder than typical.

 

The EIA reports that US LNG shipments increased by six vessels this week compared to last week. Between April 14 and April 20, 26 LNG shipments with a combined capacity of 97 Bcf exited the United States. This report week saw the most export cargoes exit the United States since the week of February 3–9, 2022.

Technical Evaluation

On Monday, natural gas prices increased. Prices rebounded near support near the October highs of 6.46. Near the 10-day moving average of 6.97, resistance is seen. Near the April highs of 8.06, the target resistance is visible.

 

The short-term momentum has flipped and become negative as a crossover sell signal was triggered by the fast stochastic.

 

The medium-term momentum is bearish. A crossover sell signal was given by the MACD (moving average convergence divergence). This occurs when the MACD line (the 12-day moving average minus the 26-day moving average) falls below the MACD signal line (the MACD line's 9-day moving average).

 

The MACD histogram is printed in negative zone with a downward trend, indicating that prices are falling.

 

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