Mohicans markets：MHM European Market

Market Overview

On Friday, 13 Jan.Asian period, spot gold shocked and slightly fell, trading around at $1893/ounce. Although the overnight data showed that US inflation increased slowly, the market increased the expectation that the Fed decreased the rate hikes.

The US crude oil shocks in a narrow range, trading around $78.16/barrel currently. There has clear indicators that China, the largest  crude oil importing country, and predicts that US will sow the speed of raising rate. The US dollar continuous keeps soft. This week, oil prices rose in shock, and the market was also preparing for more restrictions on Russia's oil supply. Russia was sanctioned due to its invasion of Ukraine, and there was a further opportunity for oil prices to rise in the future.

This trading day focused on the changes in the US crude oil drilling data, the initial value of the US University of Michigan consumer confidence index in January and the speech of the Chairman of the Federal Reserve of Philadelphia, Huck, and the relevant news of the geopolitical situation. At present, the market's expectation of consumer confidence index is relatively optimistic, and the market's expectation of a soft landing of the US economy has increased, which may suppress the gold price.

The Mohicans Markets strategy is for reference only and not for investment advice. Please read the statement clauses at the end of the text carefully. The following strategy was updated at 16:00 Beijing time on January 13, 2023.

Intraday Oscillation Range: 1873-1893-1904-1911

Overall Large Oscillation Range: 1730-1756-1780-1801-1817-1833-1856-1873-1893-1911-1926

Spot gold in the subsequent period, 1873-1893-1904-1911 can be operated as an intraday range of bullish and bearish; high throw low suction in the range, chase up and kill down outside the range!

Note: The above strategy was updated at 16:00 on January 13. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 23.1-23.9-24.5-25.3

Overall Large Oscillation Range: 20.6-21.5-22.3-23.1-23.9-24.5-25.3-26.1

Spot silver in the subsequent period, 23.1-23.9-24.5-25.3 can be operated as an intraday range of bullish and bearish; high throw low suction in the range, chase up and kill down outside the range!

Note: The above strategy was updated at 16:00 on January 13. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 73.8-75.1-77.3-78.5-79.9

Overall Large Oscillation Range: 70.1-71.2-72.3-73.1-73.8-75.1-77.3-78.5-79.9-81.3-82.1-83.5

Crude Oil in the subsequent period, 73.8-75.1-77.3-78.5-79.9 can be operated as an intraday range of bullish and bearish; high throw low suction in the range, chase up and kill down outside the range!

Note: The above strategy was updated at 16:00 on January 13. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 1.0690-1.0755-1.0830-1.0910

Overall Large Oscillation Range: 1.0290-1.0360-1.0460-1.0570-1.0690-1.0755-1.0830-1.0910-1.1060

EURUSD in the subsequent period, 1.0690-1.0755-1.0830-1.0910 can be operated as an intraday range of bullish and bearish; high throw low suction in the range, chase up and kill down outside the range!

Note: The above strategy was updated at 16:00 on January 13. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 1.1920-1.2030-1.2135-1.2250

Overall Large Oscillation Range: 1.1610-1.1830-1.1920-1.2030-1.2135-1.2250-1.2400-1.2470

GBPUSD in the subsequent period, 1.1920-1.2030-1.2135-1.2250 can be operated as an intraday range of bullish and bearish; high throw low suction in the range, chase up and kill down outside the range!

Note: The above strategy was updated at 16:00 on January 13. This policy is a daytime policy. Please pay attention to the policy release time.