Mohicans markets ：November 11, 2022--MHM European Perspective

Market Overview

On Friday, November 11, Beijing time, spot gold shocks higher in the Asian and European trading sessions, extending overnight gains, once hit nearly two and a half months high to $ 1762.98 per ounce. Because overnight U.S. data show that the impact of slowing inflation further fermented, the Federal Reserve officials also publicly expressed support for slowing the pace of interest rate increases. The market expects the Fed's monetary policy will usher in an inflection point, and expectations that the Fed will raise interest rates by only 50 basis points in December are further strengthened. The dollar remains weak and continues to provide upward momentum to gold prices.

U.S. crude oil shocks higher, once up nearly 3% to $88.83 per barrel; the impact of weaker-than-expected U.S. CPI fermented into Asian markets; Asian stocks generally followed the overnight U.S. rally, boosting commodity buying demand, oil prices gained upward momentum; and the dollar index fell sharply overnight and remained near a nearly two-month low on Thursday, which also provided support to oil prices; in addition, the Fed will slow down the pace of interest rate hikes expected warmed up, increasing the possibility of a soft landing for the U.S. economy and improving demand expectations. However, the negative impact of the sharp increase in EIA crude inventories and lingering concerns about the Asian epidemic are still making bulls wary.

This trading day, you need to pay attention to the preliminary value of the University of Michigan consumer confidence index for November, and pay attention to the speeches of the Federal Reserve and the European Central Bank officials and the performance of the European and American stock markets.

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 11, 2022 Beijing time.

Technical Analysis

CME Group options layout changes (December Futures Price)：

1800 Bullish increased sharply and the stock was large, bearish increased slightly, long target

1775 Bullish increased, bearish decreased sharply, resistance weakened

1750 Bullish decreased sharply but the stock was large, bearish decreased, support weakened

1725 Bullish decreased sharply, bearish increased sharply, short target

11700 Bullish decreased sharply, bearish decreased sharply but the stock was large, support level

1675 Bullish increased, bearish increased, support level

Order flow key point marking (Spot Price)：

1785 Secondary resistance

1773-1775 Former strong resistance area

1765 Reaching level in late August, stronger resistance

1745 First support level

1730-1733 Dividing point between long and short 

1720 Secondary support

1712 Pull-up points after the data, key support

Note: The above strategy was updated at 15:00 on November 11. The strategy is a daytime strategy, please note the strategy release time.

CME Group options layout changes (December Futures Price)：

22.5 Bullish increased sharply and the stock was large, bearish unchanged, long target

22 Bullish decreased sharply but the stock was large, bearish increased slightly, resistance level

21.5 Bullish decreased sharply, bearish increased sharply, short target

21 Bullish decreased slightly but the stock was large, bearish increased sharply, support level

Order flow key point marking (Spot Price)：

22.9 Strong resistance level

22.5-22.6 Strong resistance area formed by the previous rally high, technically long target level

21.9 Short-term resistance

21.5 Short-term support

21.3 Starting point of CPI data, key support

20.98 Top-bottom conversion, the key support for this round of longs

20.38-20.5 Trend key support

Note: The above strategy was updated at 15:00 on November 11. The strategy is a daytime strategy, please note the strategy release time.

CME Group options layout changes (Futures Price in December )：

91 Bullish increased significantly, put option remained unchanged, and bulls were the second target

90 Bullish increased significantly and large stock, bearish decreased, the first target of bulls

89 Bullish increased significantly, bearish decreased and resistance level was weakened

88 Bullish and bearish decreased significantly, short-term key position

86 Bullish and bearish decreased sharply, the first support

84.5 Bullish increased, bearish increased, second support

82.5 Bullish decreased, bearish increased, short target

Order flow key point marking (Spot Price)：

90.3-90.5 Key Resistance of trend 

88.5 Support position of overnight US market return, key resistance for the day

87 Previous trend line support, long and short boundary for the day

84.8-85 First support position currently 

83.3 The last defense of the bulls

80-82 Short target range

Note: The above strategy was updated at 15:00 on November 11. This policy is a daytime policy. Please pay attention to the policy release time.

CME Group data today:

1.04 Bullish decreased greatly but stocks were large, bearish increased slightly, the next bull target was also resistance

1.03 Bullish decreased greatly and stocks were large, bearish increased slightly, bullish targets and resistance

1.025 Bullish slightly decreased, bearish slightly increased, the first resistance

1.02 Bullish sharply reduced, but stocks were large, bearish remained unchanged, and support weakened

1.015 Bullish increased, bearish slightly increased, next support

1.01 Bullish slightly increased, bearish slightly decreased, but the stock was large, and the short target also supported

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

Note: The above strategy was updated at 15:00 on November 11. This policy is a daytime policy. Please pay attention to the policy release time.

CME Group data today:

1.20 Bullish slightly increased with large stock, bearish slightly increased, long target

1.19 Bullish and bearish increased slightly, and the bull target is also positive

1.175 Bullish slightly increased, bearish unchanged, rebound target

1.17 Bullish slightly decreased, bearish increased and downward force strengthened

1.165 Bullish is unchanged, but the stock was large, bearish unchanged, and the support position 

1.16 Bullish unchanged, but the stocks were large, and bearish increased slightly, with short targets as support

1.15 Bullish decreased but stocks were large, bearish slightly increased, and the next short target

Note: The above strategy was updated at 15:00 on November 11. 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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