Mohicans markets：MHM European Market

Market Overview

On Friday, February 17, the international gold price continued to fall and hit a new low of $1823.19/ounce since the end of December last year, because investors were worried that the Federal Reserve would further raise interest rates after a series of strong economic data were released. The price of gold is $1788.

US crude oil weakened in shock and is currently trading at around 77.50. With the strong performance of US economic data, Federal Reserve officials have made hawkish speeches for many times. The market has raised the expectations of the Federal Reserve's terminal interest rate, and the market risk appetite has significantly cooled. The global stock market is under pressure, and the US dollar continues to rise, which has put pressure on oil prices. Prince Abdulaziz, Saudi energy minister, said he was still cautious about China's demand forecast. This also dampens the morale of bulls.

Technically, after the rebound of oil prices has been blocked for many times, the short-term bearish signals have increased, and the demand is on guard against further downside risks of oil prices in the short term.

This trading day needs to pay attention to the changes in the US crude oil drilling data and the speeches of the Federal Reserve officials, and pay attention to the information related to the geopolitical situation.

The Mohicans Markets strategy is for reference only and not for investment advice. Please read the statement clauses at the end of the text carefully. The following strategy was updated at 15:00 Beijing time on February 17, 2023.

Intraday Oscillation Range: 1801-1817-1833-1856

Overall Oscillation Range: 1730-1756-1780-1801-1817-1833-1856-1883-1903-1911-1929-1937-1951-1978-1985

In the subsequent period of spot gold, 1801-1817-1833-1856 can be operated as the bull and bear range; High throw low suction in the range, chase up and kill down outside the range!

Note: The above strategy was updated at 15:00 on February 17. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 20.6-21.5-22.3-23.1

Overall Oscillation Range: 19.7-20.6-21.5-22.3-23.1-23.9-24.5-25.3-26.1

In the subsequent period of spot silver, 20.6-21.5-22.3-23.1 can be operated as the bull and bear range. High throw and low suction in the range, chase up and kill down outside the range!

Note: The above strategy was updated at 15:00 on February 17. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 75.1-77.9-78.5-79.9-80.7

Overall Oscillation Range: 70.1-71.2-72.3-73.1-73.8-75.1-77.9-78.5-79.9-80.7-82.3-83.5-85.3

In the subsequent period of US crude oil, 75.1-77.9-78.5-79.9-80.7 can be operated as the bull and bear range. High throw and low suction in the range, chase up and kill down outside the range!

Note: The above strategy was updated at 15:00 on February 17. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 1.0570-1.0690-1.0755-1.0830-1.0950

Overall Oscillation Range: 1.0290-1.0360-1.0460-1.0570-1.0690-1.0755-1.0830-1.0950-1.1157-1.1220-1.1303

In the subsequent period of EURUSD, 1.0570-1.0690-1.0755-1.0830-1.0950 can be operated as the bull and bear range. High throw and low suction in the range, chase up and kill down outside the range!

Note: The above strategy was updated at 15:00 on February 17. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 1.1830-1.1920-1.2030-1.2135-1.2250

Overall Oscillation Range: 1.1610-1.1830-1.1920-1.2030-1.2135-1.2250-1.2375-1.2400-1.2470-1.2550

In the subsequent period of GBPUSD, 1.1830-1.1920-1.2030-1.2135-1.2250 can be operated as the bull and bear range. High throw and low suction in the range, chase up and kill down outside the range!

Note: The above strategy was updated at 15:00 on February 17. This policy is a daytime policy. Please pay attention to the policy release time.