Mohicans markets：December 12-European Perspective

Market Overview

On Monday (December 12, Beijing time), during the Asian European session, spot gold fell in shock. At present, the trading volume is near 1787.05 US dollars/ounce, which was hit by the rebound of the US dollar. This week, the market focused on the US November CPI data and the US Federal Reserve's interest rate resolution. On Friday, the US PPI data was stronger than expected, and the market's fear of US inflation rose, providing support for the US dollar. Of course, this week's ECB interest rate resolution, Bank of England interest rate resolution and US retail sales data also need investors' attention.

US crude oil fluctuated in a narrow range. At present, it is trading around 71.65 USD/barrel. Last week, due to worries about the US economic recession and other factors, the oil price dropped by more than 10%. US crude oil once fell to the 70 integer level. However, short-term oil prices are expected to rebound. First, there is psychological support at the 70 integer level. In addition, an important crude oil pipeline from Canada to the United States remains closed. At the same time, Russian President Vladimir Putin threatened to cut production in retaliation for the western ceiling on Russian oil prices; The market's concern about the epidemic situation in major Asian countries has also cooled.

The Mohicans Markets strategy is for reference only and is not intended as investment advice. Please read the terms of the statement carefully at the end of this article. The following policy was updated at 15:00 Beijing time on December 12, 2022.

Technical Analysis

Change of CME Group's option layout (futures price in February):

1875 Bullish decreased, bearish unchanged, resistance level

1845 Bullish increased significantly, bearish remained unchanged, long target

1825 Bullish increased significantly, bearish increased slightly, the first long target

1800 Bullish increased, bearish increased significantly, short-term strong resistance level

1765-1775 Bullish decreased, bearish increased significantly, and the action can be expanded under the vigilance of breaking the position

1750 Bullish slightly decreased but stock was large, while bearish slightly increased, support level

Order flow key point marking (spot price):

1833 The goal of bullish bets

1820-1825 Long position targets are also resistance

1806-1810 Important resistance area

1794 Support turned to resistance

1786-1788 The boundary of long and short targets

1781 Secondary support

1766 Important support

Note: The above strategy was updated at 15:00 on December 12. This policy is a daytime policy. Please pay attention to the policy release time.

Change of CME Group option layout (futures price in March)

24.5 Bullish decreased, bearish slightly increased, resistance level

24 Bullish sharply reduced, bearish slightly increased, resistance level

23.5 Bullish slightly increased but the stock was large, while bearish slightly increased, with support level

23 Bullish slightly reduced, bearish significantly increased, supporting and short target

Order flow key point marking (spot price):

24.85-25 Long position target

24.45-24.57 Secondary resistance

24-24.173 Double top neck line position, strong resistance area

23.4-23.6 Important resistance range

23 Support position

22.8 Short support

22.57 Hourly level double bottom neck support

22.4 Short line support

22 Important support

Note: The above strategy was updated at 15:00 on December 12. This policy is a daytime policy. Please pay attention to the policy release time.

CME Group options layout changes (January Futures Price)：

79 Bullish decreased sharply, long target

75 Bullish increased sharply, bearish decreased sharply but the stock was large, resistance

74 Bullish increased sharply, bearish increased sharply, long-short contention, resistance

70 Bullish increased sharply, bearish decreased sharply but the stock was large, support

68 Bullish increased, bearish decreased, support

Order flow key point marking ( Spot Price)：

76.7 The first retracement of this week's downtrend,  important resistance

75-75.4 U.S. trading two times back down after the release, important resistance

73.4 Previous support level, Thursday night release down, resistance

72.65 First resistance during the day

71-71.3 First support, key during the day

70 Target for bearish option bets

69.45 Head and shoulders neckline support from early December last year, important

67.35 Support from multiple retraces in December last year

Note: The above strategy was updated at 15:00 on December 12. This policy is a daytime policy. Please pay attention to the policy release time. 

Todays CME Group data:

1.065 Bullish increased sharply, bearish increased slightly, long target

1.06 Bullish decreased slightly but the stock was large, bearish increased sharply, rebound target and resistance

1.055 Bullish decreased slightly, bearish increased sharply, resistance

1.05 Bullish unchanged, bearish increased sharply and the stock was large,fallback target

1.045 Bullish unchanged, bearish increased sharply, short target

1.04 Bullish increased slightly, bearish increased, short target and support

Note: The above strategy was updated at 15:00 on December 12. This policy is a daytime policy. Please pay attention to the policy release time. 

Todays CME Group data:

1.245 Bullish increased sharply, bearish unchanged, long target

1.235 Bullish increased sharply, bearish unchanged, rebound target

1.225 Bullish unchanged, bearish unchanged, resistance

1.22 Bullish increased slightly, bearish increased sharply, fallback target and support

1.215 Bullish unchanged, bearish increased sharply, fallback target

1.205 Bullish unchanged, bearish increased sharply, short target

Note: The above strategy was updated at 15:00 on December 12. 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.

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