Mohicans markets：December 7-European Perspective

Market Overview

On Wednesday, December 7, Beijing time, during the Asian and European trading sessions, spot gold shock is slightly up and is currently trading at $ 1773.78 per ounce. Geopolitical tensions, global recession fears linger, buy-low and safe-haven buying to gold prices to provide support, but the dollar index rally this week to make the bulls have concerns, and technical aspects also appeared some top divergence signal, so investors need to beware of gold prices of further retracement risk.

There is no important economic data released this trading day, please focus on the Bank of Canada interest rate resolution and the European Central Bank officials speech, and follow the geopolitical situation related news.

U.S. crude oil is hovering at more than 11-month lows, and is currently trading near $74.32 per barrel. The previous OPEC+ decision not to cut production further, the EU's Russian oil price cap and sanctions in vain, and the continued decline in the U.S. stock market; coupled with global recession fears, market concerns about oversupply dragged oil prices down to a new low since Dec. 28, 2021 on Tuesday, and technical bearish signals further strengthened; the short term may further test support near the 70 round figure mark.

While the sharp drop in API crude inventories provided some support to oil prices, gasoline inventories and refined oil inventories still increased significantly and the bulls are still wary. This trading day, we need to pay attention to the EIA crude oil inventory series and watch out for news related to the stock markets and geopolitical situation in Europe and the US.

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 December 7, 2022 Beijing time.

Technical Analysis

CME Group options layout changes (February Futures Price)：

1850 Bullish decreased sharply, bearish increased slightly, resistance level

1830 Bullish increased sharply, bearish unchanged, long target

1800 Bullish increased, bearish unchanged, long target

1780 Bullish increased, bearish increased, support

1745 Bullish increased, bearish increased, long and short compete for point

1725 Bullish unchanged, bearish decreased, support weakened 

Order flow key point marking (Spot Price)：

1806-1810 Important resistance area during the day

1794 Support became resistance

1785 PMI data after the release of volume starting point, strong bias

1778 Long-short boundary during the day

1766 Support during the day

1747 Powells speech starting point, key support

1730-1735 Daily bottom neckline level, important

Note: The above strategy was updated at 15:00 on December 7. This policy is a daytime policy. Please pay attention to the policy release time.

CME Group options layout changes (March Futures Price)：

23 Bullish decreased and the stock was large, bearish increased slightly, resistance level

22.5-22.6 Bullish increased, bearish decreased, dividing point between long and short

21.75-21.8 Bullish unchanged, bearish increased, downside action expanded

21.5 Bullish unchanged, bearish decreased sharply, support

Order flow key point marking (Spot Price)：

23.4-23.6 Key resistance range during the week

23 Key resistance during the day

22.6 Long-short boundary during the day

22.2 Key support, loss will break uptrend

21.5 Powell's speech rally level, key support

21.3 Support level

Note: The above strategy was updated at 15:00 on December 7. This policy is a daytime policy. Please pay attention to the policy release time.

Change of CMEGroup option layout (Futures price in March):

80-81 Bullish increased significantly and stock was large, bearish decreased and stock was large. Bullish targets are also resistance

77.5-79 Bullish increased, bearish increased and large stock, long short competition, resistance zone

75 Bullish increased significantly, bearish declined significantly and the stock was large, long target

73-74 Bullish increased, bearish declined, support area

72 Bullish unchanged, bearish sharply increased, short target

70 Bullish and bearish increased significantly and the stock was large, short target

Order flow key point marking (spot price):

78 Long and short boundary during the day, important resistance

76.7 Resistance level

74.6 Downward trend line resistance in the early period (short-term)

73-73.6 Front low support area

70-71 Short Target Area

69.2 Short Target

67.2 Support position

Note: The above strategy was updated at 15:00 on December 7. This policy is a daytime policy. Please pay attention to the policy release time.

CME Group data today:

1.065 Call options - 8 lots, put options - 47 lots, long target

1.06 Call options - 33 lots and large stock, put options unchanged, long target and resistance

1.0575 Call options+384 lots, put options unchanged, long target

1.05 Call options - 84 lots and large stock, put options+2 lots and large stock, resistance level

1.04-1.045 Call options - 13 lots and large stock, put options+140 lots and larger stock, short target

1.03 Call options - 2 lots and large stock, put options - 122 lots and large stock, support position

Note: The above strategy was updated at 15:00 on December 7. This policy is a daytime policy. Please pay attention to the policy release time.

CME Group data today:

1.23 Bullish increased, bearish unchanged, long target

1.22 Bullish decreased, bearish unchanged, next resistance

1.215 Bullish unchanged, bearish increased, first resistance

1.21 Bullish slightly decreased but the stock was large, and bearish slightly reduced, the first support

1.205 Bullish unchanged, bearish increased, short target

1.195 Bullish slightly decreased, bearish slightly increased, next short target

Note: The above strategy was updated at 15:00 on December 7. 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.

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