MHMarkets：The U.S. dollar broke out yesterday and surged today with intraday weakness, non-U.S. currencies are significantly weaker than precious metals, and U.S. crude oil has broken the integer level of $90!

Market Overview

On Thursday (September 14), the ECB chose to raise interest rates by 25 basis points, realizing the tenth consecutive interest rate hike, and raise the main interest rate to 4%. At the same time, the U.S. side of the heavy data show the resilience of the economy, the foreign exchange market fluctuations; gold prices bottomed out, the plate once hit a nearly three-week low of 1900 mark near the close back to 1910 mark. The precious metal struggled to find buyers as the August inflation report showed upside risks of higher headline inflation due to higher gasoline prices. Gold failed to stay above its 200-day exponential moving average (EMA), which sits at about $1,920.00 per ounce.

The International Energy Agency (IEA) warned on Wednesday that crude oil production cuts by members of the Organization of the Petroleum Exporting Countries (OPEC), particularly Saudi Arabia and Russia, would lead to a “major supply gap in the fourth quarter” that would push up oil prices in the coming months. At the same time, OPEC warned that supply constraints could be deeper and longer than previously anticipated.

Both Saudi Arabia and Russia have announced an extension of extreme production cuts until the end of the year, aiming to support stability and balance in the oil market. WTI oil prices have risen nearly 40% since May's low near $64.00 per barrel.

The global oil market is estimated to be under-supplied by 1 to 3 million barrels per day, taking into account all crude oil production cuts in OPEC countries. Global oil reserves are widely expected to be significantly reduced, including the United States' Strategic Petroleum Reserve (SPR).

It is still too early to assess whether this latest stimulus will be effective on the current state of the Chinese economy, whose industrial production and retail sales data are due on Friday and will provide more evidence on the state of the Chinese economy. Even so, oil bulls are quick to translate the possible impact of increased liquidity and ensuing activity on Chinese fuel demand.

MHMarkets 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 September 15, Beijing time.

·Gold XAUUSD·
High Probability Scenario	High throw and low suction in the 1885-1892-1903-1919-1931-1945 range
Low Probability Scenario	Chase up and kill down outside the 1885-1892-1903-1919-1931-1945 range
Intraday Oscillation Range: 1885-1892-1903-1919-1931-1945Overall Oscillation Range: 1730-1756-1780-1801-1817-1833-1856-1873-1885-1892-1903-1919-1931-1945-1951-1960-1977-1985-1998-2007-2016-2033-2046-2057-2066-2077-2089-2097-2100In the subsequent period of spot gold, 1885-1892-1903-1919-1931-1945 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 September   15. This policy is a daytime policy. Please pay attention to the policy   release time.

·SilverXAGUSD·
High Probability Scenario	High throw and low suction in the 20.6-21.5-22.3-23.1-23.9-24.5 range
Low Probability Scenario	Chase up and kill down outside the 20.6-21.5-22.3-23.1-23.9-24.5 range
Intraday Oscillation Range: 20.6-21.5-22.3-23.1-23.9-24.5Overall Oscillation Range: 19.7-20.1-20.6-21.5-22.3-23.1-23.9-24.5-25.3-26.1-26.6-27.3In the subsequent period of spot silver, 20.6-21.5-22.3-23.1-23.9-24.5 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   September 15. This policy is a daytime policy. Please pay attention to the   policy release time.

·Crude OilUSOUSD·
High Probability Scenario	High throw and low suction in the 83.5-85.3-87.3-89.1-90.7-91.5-92.6 range
Low Probability Scenario	Chase up and kill down outside the 83.5-85.3-87.3-89.1-90.7-91.5-92.6 range
Intraday Oscillation Range: 83.5-85.3-87.3-89.1-90.7-91.5-92.6Overall Oscillation Range: 62.1-63.7-64.5-65.8-66.9-67.3-68.9-70.1-71.2-72.3-73.1-73.8-75.1-77.9-78.5-79.9-80.7-82.3-83.5-85.3-87.3-89.1-90.7-91.5-92.6-93.7In the subsequent period of crude oil, 83.5-85.3-87.3-89.1-90.7-91.5-92.6 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 September   15. This policy is a daytime policy. Please pay attention to the policy   release time.

·EURUSD·
High Probability Scenario	High throw and low suction in the 1.0570-1.0690-1.0755-1.0830-1.0950 range
Low Probability Scenario	Chase up and kill down outside the1.0570-1.0690-1.0755-1.0830-1.0950 range
Intraday Oscillation Range:1.0570-1.0690-1.0755-1.0830-1.0950Overall Oscillation Range: 1.0290-1.0360-1.0460-1.0570-1.0690-1.0755-1.0830-1.0950-1.1157-1.1220-1.1303-1.13340In 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 September   15. This policy is a daytime policy. Please pay attention to the policy   release time.

·GBPUSD·
High Probability Scenario	High throw and low suction in the 1.2250-1.2400-1.2470-1.25460-1.26505-1.27000 range
Low Probability Scenario	Chase up and kill down outside the 1.2250-1.2400-1.2470-1.25460-1.26505-1.27000 range
Intraday Oscillation Range: 1.2250-1.2400-1.2470-1.25460-1.26505-1.27000 Overall Oscillation Range: 1.1610-1.1830-1.1920-1.2030-1.2135-1.2250-1.2400-1.2470-1.25460-1.26505-1.27000-1.28200-1.29300-1.30000-1.30600-1.31000-1.31660-132000 In the subsequent period of GBPUSD, 1.2250-1.2400-1.2470-1.25460-1.26505-1.27000 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 September   15. This policy is a daytime policy. Please pay attention to the policy   release time.