Mohicans markets：11.07--MHM European Perspective

Market Overview

On Monday, November 7, Beijing time, spot gold opened low after narrow oscillation in early trading of Asian market, and is currently trading near $ 1672.25 per ounce; on Friday a number of Federal Reserve officials said they would narrow the pace of interest rate hikes, helping gold prices rose sharply, but encountered resistance near the high of 1683.83 in October 11; market attention turned to the U.S. CPI data for October to be released this week, the market Worries about high inflation may still prompt the Fed to raise interest rates in December by 75 clicks, causing gold prices to retract some of their gains. Investors need to keep an eye on the market for changes in U.S. inflation expectations.

In addition, gold prices rose too much last Friday, gold prices also have some adjustment needs in short term.

U.S. crude oil opened lower and then oscillated, and is currently trading at $91.25 per barrel; on the one hand, the market is concerned about the Asian powers' anti-epidemic policy dampening crude oil demand outlook, and the U.S. crude oil drilling data continues to increase, also slightly negative for oil prices; but on the other hand, OPEC+'s production cut plan, also in the medium to long term support oil prices; and, Asian stock markets continue to rise, the dollar retreat, also in the short term to provide support for oil prices;. The overall fundamentals are still biased towards the long side.

This trading day, please pay attention to the performance of the stock markets in Europe and the United States, the further impact of drilling data fermentation, Fed officials' speeches, market expectations of the U.S. midterm elections change; Please also pay attention to the geopolitical situation related news.

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 7, 2022 Beijing time.

Technical Analysis

CME Group options layout changes (December Futures Price)：

1725 Bullish sharply decreased, bearish slightly decreased, resistance level

1720 Bullish increased sharply, bearish increased slightly, long target

1710 Bullish slightly reduced, bearish slightly increased, resistance

1700 Bullish sharply reduced, bearish reduced, resistance

1685-1690 Bullish increased, bearish slightly increased, long target area

1675 Bullish increased sharply, bearish decreased, support

1655 Bullish slightly increased, bearish significantly increased, key support

Order flow key point marking (Spot Price)：

1730 Long target, trend key strong resistance

1707 Resistance level

1694-1700 Key resistance

1680 The first resistance, Asian and European trading first focus on whether the position can be broken

1667-1670 The first major support area during the day, the trend above the range on the upside

1661 Second support

1652 Third support

1644-1642 Key support area

Note: The above strategy was updated at 15:00 on November 7. The strategy is a daytime strategy, please note the strategy release time.

CME Group options layout changes (December Futures Price)：

21.5 Bullish sharply decreased, bearish unchanged, upside momentum weaken

21.25 Bullish sharply increased, bearish unchanged, long target

21 Bullish sharply increased, bearish unchanged, long target

20.90-20.95 Bullish increased slightly, bearish increased slightly, resistance area

20.75-20.80 Bullish significantly decreased, bearish increased slightly , resistance area

20.50 Bullish increased sharply, bearish increasing, key support

20.25 Bullish increased, bearish slightly increased, support

20 Bullish sharply decreased, bearish sharply increased, short target

Order flow key point marking (Spot Price)：

21 Key resistance

20.84 Opening price of the week, first resistance level

20.27 First support, long-short boundary during the day

20 Key support level, if it does not break down, it is expected to continue to move up

19.7 Third support

Note: The above strategy was updated at 15:00 on November 7. The strategy is a daytime strategy, please note the strategy release time.

Change of CME Group's option layout (futures price in December):

94-95 Bullish sharply reduced, bearish slightly increased, early bull mode and strong resistance

92 Bullish and bearish increased significantly, key resistance

90 Bullish decreased significantly, bearish increased significantly, key support for the day

88.5 Bullish decreased, bearish decreased slightly, falling back on the first support

87 Bullish sharply reduced, bearish sharply increased, short-term short position mode and support

Order flow key point marking (spot price):

95 Key resistance

92.5-93.5 Strong resistance zone

90.7 The first support for the day. Asian and European markets concerned about whether this level can hold

89.8-90 Trend key support zone

87.5-87.8 Key supports for bulls

Note: The above strategy was updated at 15:00 on November 7. This policy is a daytime policy. Please pay attention to the policy release time.

Change of CME Group's option layout (futures price in December):

1.1 Bullish increased and stock were large, bearish increased, the next target

1.00 Bullish increased and stock were large, bearish decreased, the bullish target

0.995 Bullish increased greatly, bearish increased slightly, rebound target

0.99 Bullish increased greatly, bearish increased greatly, support level

0.985 Bullish decreased slightly, bearish increased greatly and stock were large, rebound target

0.98 Bullish increased, bearish increased greatly and stock were large, bull and bear target and support

Note: The above strategy was updated at 15:00 on November 7. This policy is a daytime policy. Please pay attention to the policy release time.

Change of CME Group's option layout (futures price in December):

1.15 Bullish increased and stock were large, bearish unchanged, the next bullish target

1.14 Bullish increased greatly. Bearish unchanged, bullish target

1.135 Bullish increased greatly, bearish unchanged, rebound target

1.125 Bullish increased greatly, bearish increased greatly, rebound target and support

1.115 Bullish unchanged, bearish increased, bull and bear target

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.