Mohicans markets：MHM European Market

Market Overview

On Friday, February 10, international gold prices continued to move lower and hit a new low since Jan. 6 to $1,852.61 per ounce. The dollar tried to benefit from the Fed's hawkish comments as investors remained wary of the Fed's upcoming rate hike. Investors also expect that the Fed will eventually raise interest rates to more than 5%.

U.S. crude oil is in a narrow range, and is currently trading near $77.82 per barrel. The bottoming out of the U.S. dollar in the last session pressured oil prices, and the rise in U.S. crude inventories to their highest level since June 2021 also continued to weigh on the morale of bulls. However, expectations of a strong recovery in Chinese fuel demand still provided support to oil prices.

Analysts say the U.S. inflation data due out on Feb. 14 will be key to risk sentiment and the direction of the dollar. Short-term oil prices are biased towards a shaky run, and are still biased to the upside after the shock, considering the previous Saudi Arabia raised the official selling price of Arabian Light crude to Asian buyers in March.

This trading day, you need to pay attention to the preliminary University of Michigan Consumer Confidence Index for February, the preliminary University of Michigan One-Year Inflation Rate Expectations for February and changes in the U.S. crude oil drilling data, 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 February 10, 2023, Beijing time.

Intraday Oscillation Range: 1833-1856-1883-1900

Overall Oscillation Range: 1730-1756-1780-1801-1817-1833-1856-1883-1903-1911-1929-1937-1951-1978-1985

In the subsequent period of spot gold, 1833-1856-1883-1900 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 February 10. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 21.5-22.3-23.1-23.9

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

In the subsequent period of spot silver, 21.5-22.3-23.1-23.9 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 February 10. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 73.8-75.1-77.9-78.5-79.9

Overall Oscillation Range:

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

In the subsequent period of US crude oil, 73.8-75.1-77.9-78.5-79.9 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 February 10. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 1.0690-1.0755-1.0830-1.0950

Overall Oscillation Range: 1.0290-1.0360-1.0460-1.0570-1.0690-1.0755-1.0830-1.0950-1.1157-1.1220-1.1303

In 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 February 10. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 1.1920-1.2030-1.2135-1.2250-1.2375

Overall Oscillation Range: 1.1610-1.1830-1.1920-1.2030-1.2135-1.2250-1.2375-1.2400-1.2470-1.2550

In the subsequent period of GBPUSD, 1.1920-1.2030-1.2135-1.2250-1.2375 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 February 10. This policy is a daytime policy. Please pay attention to the policy release time.