Mohicans markets：December 22 - MHM European Perspective

Market Overview

On Thursday, December 22, Beijing time, during the Asian and European trading sessions, spot gold narrowly oscillated and is currently trading near $ 1814 per ounce. Market participants are waiting for further guidance from economic data. This trading day will release the change in U.S. initial jobless claims and U.S. final value of GDP in the third quarter. U.S. PCE data for November will be released on Friday.

EIA data showed that U.S. crude oil inventories fell much more than analysts expected in the week ended Dec. 16, dropping 5.89 million barrels. At the same time, distillate stocks, including heating oil and jet fuel, also declined, compared with expectations for an increase.

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 22, 2022, Beijing time. 

Technical Analysis

CME Group options layout changes (February Futures Price)：

1855 Bullish decreased, bearish unchanged, resistance level

1835 Bullish decreased, bearish increased slightly, resistance level

1825 Bullish decreased sharply, bearish increased, support weakened

1800 Bullish decreased, bearish decreased slightly, previous support level

1750 Bullish decreased, bearish increased, short target

Order flow key point marking (The difference between the spot price and the futures price is about $11)：

1841 Long target, call option focus bets

1832 Stronger resistance (refer to hourly and 4-hour closes to confirm breakout)

1820 High of the CPI night, the key resistance for the current rally

1818 Overnight U.S. break down after two retracement of the level,  important resistance during the day

1812 First support level during the day

1805 Tuesday's U.S. market rally, support level, long defensive level

1798 Key support for the upward trend, the loss will destroy the long sentiment

1784 Limit retracement level of rising market

1773 Long cost area, key support level

Note: The above strategy was updated at 15:00 on December 22. This policy is a daytime policy. Please pay attention to the policy release time.

CME Group options layout changes (March Futures Price)：

24.55 Bullish decreased sharply, bearish unchanged, resistance

24.05 Bullish decreased slightly, bearish increased sharply, short-term short target

23.05 Bullish unchanged, bearish increased sharply, short target

Order flow key point marking (Spot Price)：

24.55 Call option bets, resistance

24.3 Technical long target, key resistance

24.11 First resistance during the day

23.9 First support during the day

23.55 Support level, long defensive level, break down to revert to early week oscillator range

23.13 European release point, support, loss will destroy the long sentiment

22.86-22.90 The lower limit of the consolidation range in recent days, break down to destroy the upward trend since early December

22.57 The current round of rallies in the long key defensive level, important support

Note: The above strategy was updated at 15:00 on December 22. This policy is a daytime policy. Please pay attention to the policy release time.

Order flow key point marking (spot price):

81 Long targets

79.6 Resistance level, M top neck line formed in early December, top bottom trading

78.8 Short-term resistance (weak)

77.6-78 Key support within the day, falling below the risk of falling oil price

76.6 Support level, a key resistance level in the early stage. The correction of oil price can hold this level, so we can continue to pay attention to the possibility of upward movement.

75.5-75.8 Key support for the rally

74.5 Important support

73-73.5 Key support area (option bet position)

Note: The above strategy was updated at 15:00 on December 22. This policy is a daytime policy. Please pay attention to the policy release time.

Change of CME Group option layout (futures price in January):

1.0775 Bullish sharply reduced, bearish unchanged, long target and resistance

1.07 Bullish slightly decreased, bearish increased and the stock was large, the next resistance

1.065 Bullish slightly reduced, bearish slightly reduced, the first resistance

1.06 Bullish slightly decreased, bearish significantly increased, and the target fell back

1.055 Bullish unchanged, while bearish slightly reduced, but the stock was large. The falling back target was also supportive

1.05 Bullish slightly decreased but stocks were large, while bearish slightly increases and stocks were large, with short target and support

Note: The above strategy was updated at 15:00 on December 22. This policy is a daytime policy. Please pay attention to the policy release time.

CME Group data today:

1.23 Bullish decreased, bearish slightly decreased, long target and resistance

1.22 Bullish slightly reduced, bearish unchanged, next resistance

1.215 Bullish unchanged, bearish unchanged, but the stock was large, with resistance

1.21 Bullish unchanged, bearish slightly increased, falling target

1.205 Bullish unchanged, but the stock was large, and bearish slightly reduced, support

1.195 Bullish unchanged, bearish increased, short target

Note: The above strategy was updated at 15:00 on December 22. 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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