Mohicans markets：November 10, 2022--MHM European Perspective

Market Overview

On Thursday, November 10, Beijing time, spot gold shock was slightly up in early trading of Asian market, and is currently trading near $ 1710.59 per ounce; market is still widely expected that the Federal Reserve will gradually slow down the part of interest rate hikes, December may only raise interest rates by 50 basis points, so that the dollar under pressure, supporting gold prices;

U.S. crude oil is narrowly oscillating, and is currently trading near $85.66 per barrel; after oil prices plunged for two consecutive trading days as the market fears that new epidemic control measures in large Asian countries will affect fuel demand, and a sharp increase in EIA crude oil inventories; overnight U.S. stock plunge also slightly dragged oil prices. Analysts expect that oil prices face further downside risks in the short term.

However, the market is focusing on the U.S. CPI data for October, which will be released in the evening.

In addition, investors still need to pay attention to the U.S. initial jobless claims and the Federal Reserve officials' speeches. Because there are many signs that the U.S. job market is still very strong, the initial claims data may also be slightly negative for precious metals and energy markets.

For Fed official speeches, the market originally expected that the Fed might make the case for a slower pace of rate hikes in December, but Minneapolis Fed President Kashkari's speech has shaken that expectation; Fed Kashkari stressed at Thursday morning, Beijing time, that the Fed is far from finished in terms of rate hikes, and any discussion of a shift from the Fed's current policy tightening “entirely premature”.

Mohicans Markets strategy is only for reference and not for investment advice. Please carefully read the statement at the end of the text. The following strategy will be updated at 15:00 on November 10, 2022 Beijing time.

Technical Analysis

CME Group options layout changes (Futures Price in December )：

1750 Bullish sharply reduced but stock was outstanding, bearish unchanged, long target

1735-1730 Bullish increased, bearish unchanged, short-term long target

1725 Bullish sharply reduced, but the stock was high. Bullish slightly reduced, resistance level

1720 Bullish increased, bearish decreased, long target

1710 Bullish decreased but stocks dominate, bearish increased, support level

1690 Bullish slightly increased, bearish sharply increased, short target

1680 Bullish increased, bearish slightly increased, support level

Order flow key point marking (Spot Price)：

1745 The first target after breaking 

1730-1733 Long target position, trend of key strong resistance

1717 Continues to constitute the first resistance level in the upward trend (focus on yesterday's high 1722 under the strong situation)

11712 Short-term resistance level, European and Asian market firstly focus on the resistance

1704-1702 Bullish support moved up/1698 support level (focus on the shock adjustment)

1682 The key resistance before Tuesday turned to support

1670 Key position of this round of bulls

Note: The above strategy was updated at 15:00 on November 9. This policy is a daytime policy. Please pay attention to the policy release time.

CME Group options layout changes (Futures Price in December )：

22 Bullish sharply reduced, bearish unchanged, early bull target and strong resistance

21.5 Bullish increased significantly, bearish increased slightly, key resistance

21 Bullish increased, bearish increased, important support

20.4-20.5 Bullish slightly decreased, bearish significantly increased, the first support after breaking down

Order flow key point marking (Spot Price)：

22.5-22.6 Strong positive area composed of early rebound high points, and technical long target

22 Bullish target

21.5 Call option focus level, average line of 200 day, the first key resistance

21.3 First resistance level, long and short boundary of short line

21 Top bottom conversion, important support

20.38-20.5 Key support areas for this round of bulls

Note: The above strategy was updated at 15:00 on November 9. This policy is a daytime policy. Please pay attention to the policy release time.

CME Group options layout changes (Futures Price in December )：

90 Bullish decreased significantly but the stock is large，the increase, resistance level

86 Bullish increased, bearish increased significantly, resistance level

85 Bullish decreased but stocks were large, bearish increased significantly, and the downward momentum was expanded by breaking the position

82.5 Bullish slightly decreased, bearish sharply increased, short target

80 Bullish increased and large stock, bearish increased and large stock, support and short target

79 Bullish slightly increased, bearish sharply increased, short target

Order flow key point marking (Spot Price)：

90.3-90.5 Key Resistance of Trend

88.5 Support level of overnight US market, key resistance of the day

86.7 Previous trend support, focus on the signal of supporting

85.3 First support position currently

83.3 The last defense of the bulls

80-82 Short target range

Note: The above strategy was updated at 15:00 on November 10. This policy is a daytime policy. Please pay attention to the policy release time.

CME Group data today：

1.015 Bullish increased slightly and large stock, bearish market remained unchanged. The next long target

1.01 Bullish is slightly reduced and the stock is large, while bearish is unchanged, with long target and resistance

1.005 Bullish increased, bearish slightly increased, rebound target and resistance

1.00 Bullish slightly decreased and large stock, while bearish sharply increased, supporting level

0.995 Bullish unchanged, bearish slightly increased, falling target

0.99 Bullish unchanged, bearish increased but stocks were large, short target

Note: The above strategy was updated at 15:00 on November 10. This policy is a daytime policy. Please pay attention to the policy release time.

CME Group data today：

1.155-1.157 Bullish increased and large stock, bearish unchanged, next long target

1.15 Bullish increased slightly and stocks are large, while bearish decreased slightly, long target

1.145 Call option remained unchanged, put options slightly increased, resistance level

1.14 Bullish increased, bearish increased, rebound target and resistance

1.135 Bullish unchanged but large stock, bearish unchanged, support level

1.125 Bullish unchanged, bearish decreased slightly, the next support

1.12 Bullish unchanged, bearish unchanged but large stock, short target

Note: The above strategy was updated at 15:00 on November 10. This policy is a daytime policy. Please pay attention to the policy release time.

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.

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