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German Foreign Minister Waldfol: We need a majority vote system in foreign policy; when the EU27 as a whole is unwilling or unable to take action, we must also push for smaller groups of EU member states to take the lead.On June 17th, ship tracking data showed that a third oil tanker fully loaded with crude oil had departed Irans Chabahar port, crossing the US-imposed blockade and heading towards Asia. The Suezmax tanker Sonia I departed last night from the port near the Iranian-Pakistani border. The ship has a carrying capacity of approximately 1 million barrels of crude oil. Its draft indicates it is fully loaded, and its destination is Singapore, a common transit point for ships bound for Asian markets. Sonia Is departure follows the departure of the Very Large Crude Carriers Hero II and Diona, both carrying approximately 2 million barrels of Iranian crude oil. Their specific destinations were not indicated, but both are heading towards southern India, a regular route to the Strait of Malacca near Singapore. Iranian media reported on Tuesday that the US blockade of Iranian ports, which began in mid-April, is in the process of being lifted.On June 17, Xi Jinping, General Secretary of the CPC Central Committee, President of the Peoples Republic of China, and Chairman of the Central Military Commission, issued important instructions on normalizing East-West cooperation. Xi Jinping emphasized that this year marks the start of the 15th Five-Year Plan and the first year of normalized assistance. He stressed the need to summarize and apply beneficial experiences such as the Fujian-Ningxia cooperation, further improve cooperation mechanisms, optimize cooperation methods, expand cooperation areas, and promote complementary industries, personnel interaction, technological exchange, mutual understanding of concepts, and mutual learning of work styles between the East and West, achieving mutual benefit, win-win results, and common development. He also stressed that Party committees and governments at all levels must earnestly fulfill their responsibilities for normalized assistance, resolutely safeguard against large-scale relapse into poverty, solidly promote the comprehensive revitalization of rural areas, continuously enhance the coordination of regional development, and take solid steps towards common prosperity for all the people.Total Energy CEO: Ensuring the restoration of Qatars LNG supply is of paramount importance; otherwise, as winter approaches, the decline in natural gas prices will not be as significant as that of oil prices.On June 17th, Sunshine 100 China (02608.HK) announced that it had previously disclosed a winding-up petition against the company. On May 29, 2026, the High Court, based on the consent summons submitted by the petitioner and the company on May 27, 2026, ordered the cancellation of the hearing originally scheduled for June 22, 2026, and the substantive hearing has been scheduled for October 16, 2026.

S&P 500 Price Forecast – Stock Markets Running Out of Momentum

Steven Zhao

Oct 28, 2022 15:41


Technical Analysis of the S&P 500

During the trading session on Thursday, the S&P 500 E-mini contract fluctuated back and forth as it seemed that momentum was beginning to wane. As we ended up producing a significant shooting star during the previous session, the market is now expected to continue to receive a lot of inquiries regarding the probable direction of the stock market. It's probable that we will keep moving down and that the long-term downtrend will continue if we break back down below the 50-Day EMA. I would anticipate losing 3800 at that time and moving on to the 3600 level.


On the other hand, it's possible that the upside will be challenged further into the 4000 level if we were to break above the top of the shooting star from the Wednesday session.


However, I do believe that this is a situation where you should be looking for shorting opportunities as the Federal Reserve will have to continue tightening monetary policy. Of course, there is also the possibility that the market could receive a shock next week as the Federal Reserve returns to the scene with its monetary policy statement and of course the press conference that follows.


Wall Street continues to believe that the Federal Reserve will save it, despite the fact that the Fed has repeatedly said that it wants lower stock prices and to reduce demand.

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