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1. Shipping authorities and commodity traders said on Monday that the Rhine River in Germany has seen its water level drop again due to the ongoing drought, forcing cargo ships to reduce their loads once more. However, the current level remains well above the record low reached in August. The Rhine is a vital transport route for grains, minerals, coal, and refined petroleum products. 2. Consulting firm AgRural reported that with the end of the soybean planting ban and favorable rainfall, some areas in Paraná state, Brazil, have begun planting, marking the official start of the 2026/27 soybean planting season. As of last Thursday, the planted soybean area in Brazil accounted for 0.05% of the estimated total area, compared to 0.02% at the same time last year. In Brazils south-central region, the first quarterly corn planting area for the 2026/27 season reached 17% of the estimated total area, up from 11% the previous week and 12% at the same time last year. 3. Thailands sugar production for the 2026/27 season is expected to decline significantly due to drought. Executives at Thai sugar mills stated that sugar production in Thailand may fall below 10 million tons in the 2026/27 crushing season, which begins in October, a decrease of at least 17% compared to the approximately 12 million tons produced in the previous season. The El Niño phenomenon continues to intensify, and Thailand is facing insufficient rainfall in some major producing areas. The northeastern region, which accounts for about 45% of the countrys total sugar production, has received significantly less rainfall this year than other producing areas. 4. According to Mysteels survey of 15 sample projects in Indonesia, Indonesias nickel matte production in August 2026 was 28,600 tons, a decrease of 8.62% month-on-month and 2.31% year-on-year; of which 23,300 tons were high-grade nickel matte and 5,300 tons were low-grade nickel matte (excluding those that have already increased in quality). 5. Ukraine stated that it launched overnight attacks on oil processing facilities in Russias Perm region and Tatarstan, resuming attacks after a US special envoy visited Moscow last weekend. Ukrainian President Zelensky stated that long-range forces were used to strike refineries in the Perm region and Tatarstan, but did not provide further details. 6. The Baltic Dry Index (BDI) fell, ending a three-day winning streak, due to weaker freight rates for Capesize and Panamax vessels. The BDI dropped 53 points, or 1.4%, to 3575 points.Turkish President: The bill for Israels wars in the region is not only paid by Iran and the Gulf states, but shared by everyone.On September 7, Rezaei, secretary of Irans Supreme National Security Council, said in an interview with Irans Press TV on September 6 that Iran test-fired a new anti-ship missile over a US warship 48 hours earlier.September 7th - According to sources from the Houthi rebels in Yemen, Saudi warplanes launched airstrikes on the Hazim region of Yemens Jawf province on September 7th, local time. As of now, there has been no response from Saudi Arabia.On September 7th, Zhiyuan Holdings (00990.HK) announced in Hong Kong that its Artificial Intelligence Data Center (AIDC) project officially received approval from the Malaysian Ministry of Investment, Trade and Industry (MITI) on September 7th, 2026, marking a significant milestone for the project. This approval comes with certain water and electricity infrastructure requirements, which the team is actively working to implement. This approval signifies that the AIDC project has entered an accelerated deployment phase. The companys management will expedite all aspects of the work, striving for the project to commence construction and be operational as soon as possible.

The US Stock Market Continues to Pull Back

Skylar Shaw

Apr 02, 2022 11:25

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S&P 500 Technical Analysis

On Friday, the S&P 500 sought to climb in the futures markets but gave back gains, indicating weakness. As a result, the market currently threatens the 4500 level in the futures market, which has previously been a key sector. As a result, it'll be fascinating to watch whether we can pull back much farther, possibly to the 50 Day EMA.


The candlestick's magnitude isn't particularly impressive, but it appears like the 4500 goal I suggested before will be tested. If we break it down further, the 50 Day EMA, which is at the 4400 level, makes a lot of sense, followed by the 200 Day EMA, which is also at that level. 


The market is still highly loud, and I believe it will continue to be so in the future. After all, there are a slew of confusing signals at the present, not least in the bond market, where many traders anticipate we'll see as many as eight interest rate hikes, while others say it's impossible.


Find a reason to go higher, but this is due to the fact that it is unconcerned about the underlying economy. Keep in mind that stock markets are about liquidity more than anything economic. If it were the case, the latest straight-up-in-the-air photo would not have taken place. 


That said, savage rallies are common in bear markets, so, while hope springs eternal, I'll be betting on the downside through options rather than directly in the market.