Mohicans markets：November 24-European Perspective

Market Overview

On Thursday,November 24, Beijing Time, during the Asian and European session, spot gold shocks up, once hit a four-day high to $ 1756.72 per ounce. The poor performance of US PMI data overnight and the dovish Fed minutes have put the US dollar index under significant pressure and is expected to fall for the third consecutive session, which has given gold prices upward momentum.

Given that gold prices have held support around the September 12 high of 1735.02 for the past three trading days, the initial announcement was made to complete a retracement of the confirmation of the position. Short-term retracement is over and gold prices are expected to extend the 1616-1786 rally.

U.S. crude oil maintained weakness, currently trading at $77.45 per barrel, with fears of supply disruptions easing on news that the Group of Seven (G7) is considering setting a price ceiling for Russian oil above current market levels.

Moreover, economic data from Europe and the United States showed a higher risk of global recession and continued concerns about the Asian epidemic, dragging down demand outlook expectations. After Wednesday's oil price plunge, technical bearish signals have strengthened and oil prices face the risk of breaking down.

This trading day coincides with the U.S. Thanksgiving holiday, the U.S. stock market will be closed, the U.S. crude oil and gold markets will be closed early, the overall trading is expected to be limited, but still need to pay attention to the dovish Fed meeting minutes of further fermentation; in addition, need to pay attention to the geopolitical situation related news, pay attention to the emergency meeting of European energy ministers.

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 24, 2022 Beijing time.

Technical Analysis

CME Group options layout changes (February Futures Price)：

1800 Bullish increased slightly, bearish unchanged, long target

1760-1770 Bullish increased sharply, bearish increased, long target and resistance

1750-1755 Bullish increased sharply, bearish decreased, support range

1720-1725 Bullish unchanged, bearish decreased sharply, support range

Order flow key point marking (Spot Price)：

1773-1775 Limit resistance during the day

1766 Long-short boundary, key resistance

1753-1755 Neckline of Head & Shoulders Top in 4-hour K line

1743 US trading heavy point, support

1736 US trading heavy point, support

Note: The above strategy was updated at 15:00 on November 24. This policy is a daytime policy. Please pay attention to the policy release time.

CME Group options layout changes：

22 Bullish increased, bearish unchanged, long target

21.75 Bullish increased slightly, bearish unchanged, resistance

21.2 Bullish increased, bearish increased, support and short target

21-21.1 Bullish unchanged, bearish increased, short target

Order flow key point marking (Spot Price)：

22.05-22.25 Previous highs, medium term resistance

21.8 Key resistance

21.5-21.6 Retracement of support

21.33-35 Possible resistance-turned-support

21.1 Short-term support during the day

20.9 Intermediate suppor

Note: The above strategy was updated at 15:00 on November 24. This policy is a daytime policy. Please pay attention to the policy release time.

Change of CME Group's option layout (Futures price in January):

85 Bullish increased significantly, bearish increased slightly, and long target and resistance

83 Bullish increased significantly, bearish decreased slightly, long target

80 Bullish and bearish increased and large stock, short-term long target

77 Bullish increased significantly, bearish decreased, weak support

75 Bullish increased, bearish decreased significantly, but stock was large, support level

70 Bullish increased, bearish decreased significantly, but stock was large, support level

Order flow key point marking (January Futures Price)：

84.5 Second resistance of the week

82-82.5 First resistance

80.7 Small M top neck line resistance

79-79.5 Trading heavy point, resistance zone

78 Trading heavy point, resistance level

77 Weak support after stepping back

75-75.3 Yesterday, rose to the low point+the low point in September, which is expected to form a daily double bottom, with strong support from the middle line

74-74.5 Bearish second target and intraday limit support, double bottom neckline in last November

70-72.5 Limit falling position

Note: The above strategy was updated at 15:00 on November 24. This policy is a daytime policy. Please pay attention to the policy release time

Todays CME Group data:

1.06 Bullish increased slightly and stocks were large, bearish increased slightly. Bullish targets and also resistance

1.05 Bullish increased significantly but stocks were large, bearish increased, rebound target and resistance

1.045 Bullish increased, bearish increased, resistance

1.04-1.0425 Bullish sharply reduced, bearish sharply increased, and the target fell back

1.035 Bullish decreased, bearish decreased slightly, and support weakened

1.03 Bullish decreased and stocks were large, while bearish decreased slightly, with short target and support

Note: The above strategy was updated at 15:00 on November 24. This policy is a daytime policy. Please pay attention to the policy release time

Todays CME Group data:

1.235 Bullish increased, bearish unchanged, next long target

1.225 Bullish increased, bearish unchanged, long target

1.215 Bullish slightly reduced, bearish unchanged, next resistance

1.21 Bullish increased and large stock, bearish unchanged, bullish strengthened

1.205 Bullish slightly decreased but the stock was large, while bearish slightly increased, with falling back target and support

1.20 Bullish decreased, bearish slightly increased, short target

1.195 Bullish slightly increased and stocks were large, bearish unchanged, and short target was also supported

Note: The above strategy was updated at 15:00 on November 24. 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.

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