Mohicans markets：November 21-European Perspective

Market Overview

On Monday, November 21, Beijing time, during the Asian and European session, spot gold shock weakness, once hit a new low of more than a week to $ 1743.59 per ounce. Last week a number of Fed officials delivered hawkish speeches, and even some officials affirmed the possibility of another 75 basis point rate hike in December; coupled with strong U.S. retail sales data in October, helping the dollar and U.S. bond yields stabilized and rebounded, causing gold prices to retreat from more than three months highs. Short-term fundamentals lack of new positive news, gold prices face the risk of further pullback.

U.S. crude oil shuddered and weakened, falling more than 1% to $79.11 a barrel at one point. The rebound in the dollar has put pressure on oil prices, and refineries have raised stocks ahead of the EU embargo on Russian crude on Dec. 5, as European crude supply tensions ease; market concerns about an epidemic in a major Asian country also weighed on the outlook for need; in the short term, oil prices face further downside risks.

In addition, data on Friday showed that the number of active U.S. oil and natural gas rigs, a leading indicator of future production, increased by three to 782 in the week ended Nov. 18, refreshing the highest level since March 2020. The data will generally ferment further on Monday, with a bearish bias towards oil prices.

This trading day, you need to pay attention to the market expectations of the Fed rate hike prospect changes, and pay attention to the related news about global stock market and geopolitical situation. Also this trading day is the last trading day of US crude oil December futures, you need to pay attention to the impact of the shift to the month. There is little economic data during the day, so watch out for the geopolitical situation and the performance of global stock markets.

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 21, 2022 Beijing time.

Technical Analysis

CME Group options layout changes (December Futures Price)：

1815-1825 Bullish increased, bearish unchanged, long target

1800 Bullish increased, bearish unchanged, resistance level

1775-1780 Bullish decreased, bearish decreased slightly, resistance level

1750 Bullish decreased, bearish decreased slightly, short target

1725-1730 Bullish unchanged, bearish increased, weak support

1700 Bullish decreased slightly, bearish increased, short target

Order flow key point marking (Spot Price)：

1781-1785 Mid-term resistance

1773-1775 Second resistance

1766 Key resistance

1757-1760 Mid-rail of one-hour Bollinger Bands

1739 Short-term support

1722-25 Previous double top

1712 Mid-term key support

Note: The above strategy was updated at 15:00 on November 21. This policy is a daytime policy. Please pay attention to the policy release time.

CME Group options layout changes (December Futures Price)：

22 Bullish decreased, bearish unchanged, resistance level

21.5 Bullish decreased, bearish decreased slightly, resistance level

21.2-21.25 Bullish increased, bearish increased, long target and resistance

21 Bullish increased, bearish increased, resistance

20.75 Bullish unchanged, bearish increased, short target

20.2-20.3 Bullish increased slightly, bearish increased, short target

Order flow key point marking (Spot Price)：

21.4 was likely to be a weekly resistance

20.9 Short-term resistance

20.6 Swing support

20.4 Support during the day

20.1 Intermediate support

Note: The above strategy was updated at 15:00 on November 21. This policy is a daytime policy. Please pay attention to the policy release time.

CME Group options layout changes (Futures Price in Jan. )：

83 Bullish increased significantly, bearish decreased, the second target of bulls and resistance

82 Bullish decreased, bearish decreased, resistance level

80 Bullish increased significantly, bearish decreased significantly, rebounding the first target

79 Bullish increased, bearish decreased, short-term support

78 Bullish increased significantly, bearish decreased, support level

77 Bullish increased, bearish decreased, key support

Order flow key point marking (Futures Price in Jan. )：

84.5  Second resistance of this week

82  First resistance of this week

80.4 Resistance level of the day, starting point and falling point of large volume on Friday

79.3 Band support position (may only be applicable to Eurasian market)

78.2 Rise on Friday, support of the day

77.3 Low on Friday, may be the first support of this week

76.39 Monthly daily line low, pay attention to whether a double bottom can be formed

Note: The above strategy was updated at 15:00 on November 21. This policy is a daytime policy. Please pay attention to the policy release time.

Todays CME Group data:

1.07 Bullish slightly increased and stocks were large, while bearish remained unchanged. The early bull target

1.05 Bullish increased significantly and stocks were large, bearish remained unchanged, long target

1.03 Bullish slightly decreased but the stock was large, while bearish slightly increased but the stock was large, and the long and short competed for the position

1.02 Bullish slightly decreased but stocks were large, while bearish sharply decreased but stocks were large, supporting position

1.005-1.0075 Bullish slightly increased, bearish sharply increased, short target

Note: The above strategy was updated at 15:00 on November 21. This policy is a daytime policy. Please pay attention to the policy release time.

Todays CME Group data:

1.2 Bullish increased significantly, bearish unchanged, long target

1.195 Bullish unchanged, but the stock was large,  bearish unchanged, and the early bull target

1.18 Bullish slightly reduced but large stock, bearish slightly increased, key support

1.175 Bullish decreased significantly, prices remain unchanged, breaking alert downside momentum expansion

1.172 Bullish unchanged, bearish increased, short target

Note: The above strategy was updated at 15:00 on November 21. 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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