Mohicans markets：11.29-MHM European Market

Market Review

On Tuesday (November 29, Beijing time), during the Asian European session, spot gold rebounded in shock. At present, it is trading near 1754 dollars/ounce.

As the Asian stock market rebounded, it boosted risk on, depressed the US dollar, and thus provided a rebound opportunity for the gold price. However, the hawkish speech of many Fed officials overnight may still limit the rising space of gold price in the short term.

In addition, before the US dollar index fell below the 200 day moving average, there was an opportunity for the short-term US dollar to build a bottom, which made gold bulls wary. The market began to focus on the speech of Fed Chairman Powell in New York on Wednesday. Analysts believed that if the keynote of Powell's speech was interpreted by the market as not further promoting the hawkish position, gold would rebound. However, Powell will probably pave the way for further interest rate hikes in December, which will expose the gold price to further downside risks in the short term.

US crude oil rebounded in shock, once rising nearly 4% to the 10 day average of US $79.56/barrel, and currently trading near US $78.32/barrel. On the one hand, the official OPEC+will hold a semi annual meeting this weekend, which may reduce production, and continue to support oil prices. On the other hand, Asian stock markets rebounded across the board, improving risk on and providing upward momentum for crude oil and other bulk commodities.

Of course, investors also need to pay attention to the NATO Foreign Ministers' Meeting, the geopolitical situation and the news about the Asian epidemic. This trading day, investors also need to pay attention to the speech of officials of the Bank of England and the German CPI data in November.

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 29, 2022 Beijing time.

Technical Analysis

Change of CME Group's option layout (Futures price in March):

1805-1815 Bullish increased significantly, bearish unchanged, long target

1800 Bullish decreased, bearish slightly increased, resistance level

1780 Bullish decreased, bearish slightly increased, resistance level

1740 Bullish unchanged, bearish increased, short target

1735 Bullish unchanged, bearish reduced, support level

1710 Bullish unchanged, bearish sharply increased, short target

Order flow key point marking (spot price):

1785-1795 Mid-line resistance

1773-1775 Mid-line resistance

1763 Limit resistance of the day

1755 May be intraday resistance

1730-1736 Lower support area

Note: The above strategy was updated at 15:00 on November 29. This policy is a daytime policy. Please pay attention to the policy release time.

Change of CME Group's option layout

21.75 Bullish increased, bearish increased, long target and resistance level

21.5 Bullish slightly increased, bearish increased, long target and resistance level

21.25 Bullish increased, bearish increased significantly, short target

21 Bullish slightly increased, bearish increased, short target

Order flow key point marking (spot price):

21.8 Mid-line key resistance

21.66 Mid-line resistance

21.33-21.15 Resistance of the day, long and short boundary

21.05 US market declined 236 retreated, which may be the support level

20.95 The point where the chips were relatively concentrated yesterday, which may be the support position (or choose one from 21.05)

Note: The above strategy was updated at 15:00 on November 29. This policy is a daytime policy. Please pay attention to the policy release time.

CME Group options layout changes (January Futures Price)：

85 Bullish increased sharply and the stock was large, bearish decreased slightly, long target

82.5 Bullish increased sharply, bearish decreased slightly, long target

80 Bullish increased sharply, bearish increased and the stock was large, short-term long target and resistance

75 Bullish increased sharply, bearish decreased sharply and the stock was large, support level

74 Bullish increased sharply, bearish decreased, strong support

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

Order flow key point marking (January Futures Price)：

84.5 Second resistance during the week

82-82.5 First resistance

79.5-80 The medium-term long and short boundary, after the station is expected to resume the upper action

78.8 Last Friday's volume point

77 The previous retracement of the level into resistance

75-75.3 Yesterday's rally low + September low, which is expected to form a daily double bottom, strong support in the medium term

74 Second target for bears and key support, last November double bottom neckline

73 Medium-term short target for options bets

70 Strong support at round number mark, but bearish options are also increasing bets for a possible intense shakeout

Note: The above strategy was updated at 15:00 on November 29. This policy is a daytime policy. Please pay attention to the policy release time.

Todays CME Group data:

1.05 Bullish increased sharply and the stock was large, bearish increased sharply, long target and resistance

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

1.04 Bullish increased, bearish decreased slightly but the stock was large, resistance

1.035 Bullish increased, bearish decreased, support strengthened

1.03 Bullish increased slightly and the stock was large, bearish decreased sharply, key support

1.025 Bullish increased slightly, bearish increased, short target

1.02 Bullish increased slightly, bearish increased and the stock was large, next short target

Note: The above strategy was updated at 15:00 on November 29. This policy is a daytime policy. Please pay attention to the policy release time.

Todays CME Group data:

1.215 Bullish decreased slightly, bearish unchanged, resistance

1.21 Bullish increased slightly and the stock was large, bearish unchanged, long target

1.205 Bullish increased slightly and the stock was large, bearish unchanged, rally target

1.202 Bullish increased, bearish increased, compete for position

1.195 Bullish unchanged but the stock was large, bearish increased slightly, support

1.19 Bullish decreased slightly, bearish increased, short target

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

Note: The above strategy was updated at 15:00 on November 29. 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 consultation only. It does not take into account your investment objectives, 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 warranty or representation on this material. The examples in this material are for illustrative purposes only. To the extent permitted by law, MHMarkets and its employees shall not be liable for any loss or damage arising from any information provided or omitted in this material in any way (including negligence). The characteristics of MHMarkets' products, including applicable fees and charges, are outlined in the product disclosure statement provided on MHMarkets' website. Derivatives may be risky; The loss may exceed your initial payment. MHMarkets recommends that you seek independent advice.

MohicansMarkets, (abbreviation: MHMarkets or MHM, Chinese name: Maihui), Australian Financial Services License No. 001296777.