Mohicans markets：Daily European Market Viewpoint

The opinions and strategies provided in this article are for reference only. The data are all from large brokers. Please check them according to your needs and do not serve as any investment advice. Please read the statement terms at the end of the article carefully.

Market Inventory

On Thursday, September 29, during the Asia-Europe period, spot gold fluctuated slightly and was currently trading around $1,652.26 an ounce. U.S. crude oil fluctuated in a narrow range and is currently trading around $81.63 a barrel, holding on to its sharp overnight gains.

Gold prices were under pressure as the dollar recovered some of Wednesday's losses after the market continued to question Britain's economic management and global growth prospects after the easing effect of the Bank of England's intervention in the bond market faded.

Overnight, EIA crude oil inventories and gasoline inventories unexpectedly fell, and refined oil inventories fell much more than expected, providing momentum for a rebound in oil prices, and the U.S. dollar fell sharply on Wednesday, and European and American stock markets rebounded across the board, which also supported oil prices. The Nord Stream pipeline is suspected of being deliberately damaged, and Russia is expected to annex the occupied Ukrainian territory within a few days, aggravating the European energy crisis and concerns about the geopolitical situation.

On this trading day, investors also need to pay attention to the changes in the number of initial jobless claims in the United States, the final value of the US GDP in the second quarter, and pay attention to the speeches of Fed officials, European Central Bank officials and Bank of England officials and news related to the geopolitical situation.

The Mohicans Markets strategy is for reference only and not as investment advice. Please read the terms of the statement at the end of the article carefully. The following strategy was updated at 15:30 on September 29, 2022, Beijing time.

CME Group options layout changes:

1680 Bullish increase, bearish increase, key resistance

1675 Bullishness greatly reduced, bearish slightly increased, and the bulls and the bears are competing for points

1650 Bullish increase, bearish increase, the action can expand under the vigilance of breaking the position

1630 Bullish slightly increased, bearish increased, bears target

1620 Bullish increase, bearish increase, bear target

1600 Bullish increase, bearish decrease sharply, downside momentum weakens

Order flow key point labeling (spot price):

1688 Key level of the daily line--breakthrough stabilization may mean that the bearish trend of gold daily line is suspended

1677 Resistance

1668 Trend rebound key resistance

1659-1662 The key resistance in the day, stabilization is expected to enter the 1662-1688 area

1653 Ultra Short Line Support

1642-1643 The first short-term support

1634 Bounced back to key support

1625 Strong support, falling below is expected to test the previous low again

Note: The above strategy was updated at 15:00 on September 29. This strategy is a day strategy, please pay attention to the release time of the strategy.

CME Group options layout changes:

19.25 Bullish increase greatly, bearish unchanged, bulls target

19 Bullish increase, bearish decrease, key resistance

18.5 Bullish increase, bearish equal increase, bear target

18.25 Bullish decrease, bearish increase, bulls and bears fight for points

18 Bullish unchanged, bearish increasing, bearish target

Order flow key point labeling (spot price):

19.7 Strong resistance

19.45 Bounce target

19-19.2 Key Resistance

18.8 Short-term key bit

18.6 Short-term support

18.2 Secondary support

18 Key Support

Note: The above strategy was updated at 15:00 on September 29. This strategy is a day strategy, please pay attention to the release time of the strategy.

Order flow key point labeling (spot price):

85 Bullish increase and large stock, bearish unchanged but large stock, long target and resistance

84 Bullish decrease sightly, less bearish, less resistance

82.5 Bullish decrease, bearish increase, resistance level

80 Bullish greatly reduced but the stock is large, bearish greatly increased and the stock is large, the fall target and support

78 Bullish increase sharply, bearish decrease slightly, support level

76 Bullish slightly increased, bearish decreased sharply, key support

The key points of the order flow are marked:

85-86 Strong resistance

83 The first short resistance after the break

82.5 Resistance, break through and stand firm and return

82-86 Fluctuation range

80.5-81 Key support during the day

78 Short-term support

76.5 Range key support

Special Note:

At present, the market continues to question the UK's economic management and global economic growth prospects, and the mitigation effect of the Bank of England's intervention in the bond market has subsided. Global markets are still volatile, making bulls wary, which may limit the rebound space and speed of oil prices. Investors need to pay close attention to changes in European and American stock markets and market sentiment.

Note: The above strategy was updated at 15:00 on September 29. This strategy is a day strategy, please pay attention to the release time of the strategy.

CME Group options layout changes：

1.00 Bullish increase, bearish decrease slightly but the stock prevails, resistance

0.99 Bullish decrease, bearish equally decrease, resistance

0.9850 Bullish increase sharply, bearish decrease slightly, rebound target

0.9775-0.98 Bullish period increase, bearish increase, key resistance area in short term

0.97 Bullish increase, bearish decrease but the stock is prominent, resistance

0.96 Bullish increase, bearish decrease, support

0.95 Bullish unchanged, bearish decrease sharply, support 

Note: The above strategy was updated at 15:00 on September 29. This strategy is a day strategy, please pay attention to the release time of the strategy.

CME Group options layout changes：

1.11 Bullish decrease slightly, bearish increase, resistance

1.10 Bullish increase, bearish increase, resistance

1.9 Bullish increase slightly, bearish increase, resistance

1.08 Bullish increase, bearish increase, resistance

1.0750 Bullish increase slightly, bearish equally increase, support

1.0650 Bullish increase slightly, put options +27 lots, short target

Note: The above strategy was updated at 15:00 on September 29. This strategy is a day strategy, please pay attention to the release time of the strategy.

Description:

Reminder: This article involves the key point labeling and technical analysis of spot gold, spot silver, and U.S. crude oil. With reference to the change data of options positions published on the CME official website, the average order flow change data of large brokers in the industry is superimposed. Starting from the distribution of market chips, it is more accurate to calculate Mark the sentiment of the market in important price ranges.

The order flow mainly refers to the following Oder Book data, which is updated every 20 minutes, taking XAUUSD international gold as an example:

Statement | Disclaimer

Disclaimer: The information contained in this material is for general advice only. It does not take into account your investment goals, financial situation or special needs. We have made every effort to ensure the accuracy of the information as of the date of publication. MHMarkets makes no warranties or representations about this material. The examples in this material are for illustration only. To the extent permitted by law, MHMarkets and its employees shall not be liable for any loss or damage arising in any way, including negligence, from any information provided or omitted from this material. The features of MHMarkets products, including applicable fees and charges, are outlined in the product disclosure statements available on the MHMarkets website. Derivatives can be risky and losses can exceed your initial payment. MHMarkets recommends that you seek independent advice.

Mohicans Markets, (Abbreviation: MHMarkets or MHM, Chinese name: Maihui), Australian Financial Services License No. 001296777.