LNG: Taiwan to Boost LNG Imports: Argus

• RES 4: $3100.0 - Round number resistance    
• RES 3: $3079.2 - 2.618 proj of the Nov 14 - Dec 12 - 19 price swing
• RES 2: $3056.8 - 2.500 proj of the Nov 14 - Dec 12 - 19 price swing
• RES 1: $3038.3 - Intraday high 
• PRICE: $3028.5 @ 15:10 GMT Mar 18 
• SUP 1: $2922.2/2851.8 - 20-day EMA / 50-day EMA  
• SUP 2: $2832.7 - Low Feb 28 and key support 
• SUP 3: $2758.3 - Low Jan 30
• SUP 4: $2730.6 - Low Jan 27 

A clear uptrend in Gold remains intact and this week’s resumption of the bull cycle reinforces current conditions. The yellow metal has delivered another all-time high and breached the psychological $3000.0 handle. Bulls have their sights on 3056.84next, a Fibonacci projection. Note that moving average studies are in a bull-mode position, highlighting a dominant uptrend and positive market sentiment. Key trend support is at $2832.7, Feb 28 low.

The German fiscal spending & reform package is passed through the Bundestag.

• Buy the rumour, sell the fact-type price action follows, as Initial modest selling in Bunds and a limited uptick in EUR/USD more than reverse, as the outcome matches expectations.
• A reminder that we previously wrote that while odds of a rejection of the amendments are not 0, but stressed that base cases and market pricing continued to lean heavily towards the reform passing through the Bundestag.

• Stocks trading lower Tuesday - reversing Monday's gains with major indexes back to late Friday levels ahead midday. Currently, the DJIA trades down 253.37 points (-0.61%) at 41585.29, S&P E-Minis down 65 points (-1.13%) at 5665.75, Nasdaq down 326.4 points (-1.8%) at 17477.72.
• Communication Services and Consumer Discretionary sectors underperformed in the first half, interactive media and entertainment stocks weighing on the former: Alphabet -4.65%, Meta Platforms -4.65%, Alphabet -4.53%, Netflix -3.06% and Live Nation Entertainment -1.71%.
• The Discretional sector weighed on by Tesla and cruise lines: Royal Caribbean Cruises -6.05%, Tesla -5.41%, Norwegian Cruise Line Holdings-4.29% and Carnival -3.64%.
• On the positive side, Real Estate and Energy sectors outperformed in the first half, investment trusts buoyed the former: Crown Castle +2.08%, Kimco Realty +1.78% and American Tower +1.47%. Meanwhile, oil and gas stocks supported the Energy sector: Coterra Energy +2.45%, EQT +2.09%, Marathon Petroleum +1.43% and Valero Energy +1.19%.