Mohicans markets ：European Market

On Monday, October 24, spot gold rallied and retreated, early in the session because the dollar fell to hit nearly two-week lows; gold prices once surged near the 1670 mark, but with the dollar twisted down slightly up, gold prices gave back the gains, currently trading at $ 1655 near.

U.S. crude oil has weakened, currently trading at $84.11 per barrel, down about 1.2%. The performance of oil prices was slightly dragged down by the reduction in crude oil imports by large Asian countries in September, and the sharp weakening of A-shares following a series of delayed Chinese data releases has raised market concerns about the demand outlook. However, investors still need to keep an eye on the U.S.-Saudi game, with the Biden administration announcing an extension of strategic crude supplies last week after OPEC+ decided to cut production to support oil prices earlier in the month.

There are more economic data this week, especially focusing on the market's expectations for changes in U.S. GDP in the third quarter and U.S. PCE data in September, plus watch out for news related to Japan's intervention in the currency market and the U.K. political situation, and pay attention to news related to the geopolitical situation. This trading day please focus on the performance of the PMI data for October in Europe and the United States, the current market is expected to be more pessimistic, and is expected to provide safe-haven support to gold prices. However, investors also need to pay attention to the market for the dollar safe-haven buying situation.

Mohicans Markets strategies are for information purposes only and are not intended as investment advice, please read the disclaimer at the end of the article. The following strategies were updated on October 21, 2022 at 15:30 BST.

Technical analysis

CME Group options layout changes (December Futures Price)：

1700 Bullish sharply decrease, bearish decrease, key resistance

1690 Bullish decrease, bearish slightly decrease, key resistance

1675 Bullish increase sharply, bearish slightly increase, sentiment dividing point between long and short

1660 Bullish decrease, bearish sharply increase and large stocks, support weaken

1650 Bullish slightly increase, bearish sharply decrease, key support

1640-1645 Bullish increase, bearish increase sharply, short target

Order flow key point marking( Spot price)：

1682-1684 Mid-term resistance

1670-1672 Key resistance in a day

1662 Short-term key level

1645-1648 Long-short boundary in a day

1637 Key trend support

1624 Key support

Note: The above strategy was updated at 15:00 on October 24. The strategy is a daytime strategy, please note the strategy release time.

CME Group options layout changes (December Futures Price)：

20 Bullish increase but large stock, bearish increase slightly, long target

19.75 Bullish slightly decrease, bearish unchanged, long target

19.5 Bullish increase, bearish slightly decrease, long target and resistance

19.1 Bullish increase, bearish sharply increase, short target in short term

19 Bullish slightly increase and bearish decrease, key support

18.7 Bullish slightly decrease, bearish increase, support level

Order flow key point marking(December Futures Price)：

20 Trend Key Resistance

19.7 Resistance in a day

19.3 Asian resistance

19 Key support in a day

18.6 first support, break below important support zone at 18-18.3

18-18.3 Important support area

Note: The above strategy was updated at 15:00 on October 24. The strategy is a daytime strategy, please note the strategy release time.

Order flow key point marking(December Futures Price)：

90 Bullish sharply decrease but large stock, bearish slightly decrease but large stock, long target

88.5 Bullish sharply decrease, bearish unchanged but large stock, key resistance

87 Bullish slightly decrease, bearish slightly increase, resistance level

86 Bullish slightly decrease, bearish increased, first resistance level

85 Bullish increase but large stock, bearish increase but large stock, long and short contention points

83 Bullish increase, bearish decrease, support level

81 Bullish slightly increase, bearish sharply increase, short target

Order flow key point marking:

90-92 Long target for option bets

88.6-89 Key resistance in a day

87 Short-term key resistance, break above 88.6-89

86 First resistance in a day

85.3 Short-term key level

84 Key support

82.6 Support level

81.8 Double-bottom support, break is likely to open a new round of downside

Note: The above strategy was updated at 15:00 on October 24. The strategy is a daytime strategy, please note the strategy release time.

CME Group options layout changes：

0.9975-1.00 Bullish sharply increase and large stock, bearish sharply increase, long target

0.995 Bullish decrease, bearish increase, next resistance

0.99 Bullish increase, bearish decrease sharply but with large stock, resistance weaken

0.985 Bullish increase sharply, bearish increase, rebound target and resistance

0.98 Bullish slightly increase and large stock, bearish slightly increase, support

0.975-0.9775 Bullish increase, bearish increase sharply and with large stock, short target and support

0.97 Bullish increase slightly, bearish increase with large stock, next short target

Note: The above strategy was updated at 15:00 on October 24. The strategy is a daytime strategy, please note the strategy release time.

CME Group options layout changes：

1.15 Bullish decrease but large stock, bearish slightly decrease, long target and resistance

1.145 Bullish decrease slightly, bearish increase slightly, next resistance

1.14-1.142 Bullish increase, bearish increase, rebound target and resistance

1.135 Bullish unchanged, bearish slightly increase, first resistance

1.13 Bullish unchanged, bearish slightly increase, fall back target

1.125 Bullish increase, bearish slightly decrease, support

1.12 Bullish slightly increase, bearish slightly decrease but large stock, short target and support

Note: The above strategy was updated at 15:00 on October 24. The strategy is a daytime strategy, please note the strategy 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.

Mohicans Markets, (Abbreviation: MHMarkets or MHM, Chinese name: Maihui), Australian Financial Services License No. 001296777.