Mohicans markets：October 11-European Market

Warm Prompt: The opinions and strategies provided in this article are for reference only. The data are all from large brokers. Please check them according to your needs and do not serve as any investment advice. Please read the statement terms at the end of the article carefully.

Market Review

On Monday, October 11, spot gold oscillated slightly lower during the Asian session and is currently trading near $1,664.4 per ounce. After Mondays market closure, U.S. bond yields extended their gains on Tuesday and the U.S. dollar index is approaching more than 20-year highs, putting pressure on gold prices.

S. crude oil is narrowly oscillating and currently trading near $91.00 per barrel; the positive impact of previous production cuts has faded as a stronger dollar and the intensification of the new Asian crown epidemic have increased concerns about a slowdown in global demand, and the market expects the actual OPEC+ production cut rate to be only 10%. However, with air defense sirens sounding across Ukraine, it remains to be seen how the tense geopolitical situation gives support to oil prices.

In addition, the Fed officials hawkish speech and strong non-farm data has been initially digested by the market, Russia and Ukraine geopolitical situation is still tense, the fear of global recession also to gold prices to provide safe-haven support; 1660 mark near the support is strong, in the loss of the position before, gold long still have a chance. This trading day economic data less, investors need to pay attention to the Federal Reserve, the European Central Bank and the Bank of England officials' speeches; On Monday, the British Chancellor of the Exchequer Quatten announced an early budget announcement, British bond yields rose sharply, also once put gold prices under pressure; In addition, investors also need to pay attention to Russia and Ukraine geopolitical situation related news.

Mohicans Markets strategy is for reference only and not as investment advice. Please read the terms of the statement at the end of the article carefully. The following strategy was updated at 15:30 on October 11, 2022, Beijing time.

Technical Analysis

CME Group options layout changes(December Futures price)：

1705-1710 Bullish increase sharply, bearish decrease slightly, rally target

1685 Bullish decrease, bearish increase slightly, resistance level

1675-1680 Bullish increase sharply, bearish decrease sharply, the key boundary between long and short

1650 Bullish decrease slightly, bearish decrease, support

1645 Bullish decrease, bearish increase, short target

1630-1625 Bullish increase, bearish decrease, support area

1615-1620 Bullish increase, bearish increase, short target

Order flow key point labeling(spot price): 

1707 Resistance level

1689-1694 Top-bottom conversion range, rebound key resistance area

1675-1678 U.S. market back to the starting point, the first resistance level of the day

1660 Near last Mondays opening price, 618 retracement level, current key support

1642-1644 End of September back to the upside, the support area

1625 Daily Bollinger band lower rail, the key position, during the 1633 or a certain buffer role

Note: The above strategy was updated at 15:00 on October 11. This strategy is a day strategy, please pay attention to the release time of the strategy.

CME Group options layout changes：

20.25 Bullish decrease slightly, bearish increase, resistance

20 Bullish increase, bearish increase, long target, resistance

19.85 Bullish increase, bearish increase, resistance

19.50 Bullish increase, bearish decrease slightly, equal stocks, key level

19.20 Bullish increase, bearish increase slightly, support

19 Bullish increase slightly, bearish decrease, support

Order flow key point labeling(spot price): 

20.5 Second highest rally point of Non-farm post, strong resistance

19.95 Short-term key support lost, turned into important resistance

19.75 First resistance in a day, long-short boundary

19.46 Trend support, loss of bullish sentiment destroyed

19-19.25 Rise zone on Monday, this round of rallies in the long cost area

Note: The above strategy was updated at 15:00 on October 11. This strategy is a day strategy, please pay attention to the release time of the strategy.

Order flow key point labeling(November Futures price)：

95 Bullish decrease sharply but the stock is large, bearish increase, key resistance

93 Bullish decrease, bearish increase, resistance

92 Bullish decrease slightly, bearish increase sharply and the stock is large, resistance

90 Bullish increase sharply and the stock is large, bearish decrease, key support

88 Bullish decrease, bearish increase sharply, short target

85 Bullish increase sharply and the stock is large, bearish decrease, short target

Order flow key point labeling: 

98 Previous high resistance

95 Long target, key resistance

93.5 Double top resistance, strong resistance

92.6 Resistance level, watch for downside retracement below this level to go hot

91.6 First resistance, top-bottom conversion level, long-short boundary in a day

89.3 Key support for rising of oil price  

88 Important support

86 Important support

Note: The above strategy was updated at 15:00 on October 11. This strategy is a day strategy, please pay attention to the release time of the strategy.

Change of CME Group's option layout:

0.98 Bullish slightly increased, bearish increased and the stock was large, the next resistance level

0.975 Bullish slightly increased, bearish increased and stocks were large, resistance level

0.97 Bullish slightly increased, bearish sharply reduced, but the stock was large, and the resistance was weakened

0.965 Bullish slightly increased, bearish unchanged, support level

0.96 Bullish increased, bearish increased significantly, short target and support

0.955 Bullish growth, bearish increased and large stock, next short target

Note: The above strategy was updated at 15:00 on October 11. This policy is a daytime policy. Please pay attention to the policy release time.

Change of CME Group's option layout:

1.125 Bullish increased, bearish slightly increased, long target

1.12 Bullish slightly increased, bearish slightly increased, rebound target

1.11 Bullish unchanged, bearish slightly increased, the first resistance

1.10 Bullish unchanged, bearish reduced, the first support

1.095 Bullish remains unchanged, bearish slightly increased and stocks was large, short target

1.09 Bullish unchanged, bearish slightly reduced, and the next support

1.08 Bullish unchanged, bearish increased, next short target

Note: The above strategy was updated at 15:00 on October 11. This policy is a daytime policy. Please pay attention to the policy release time.

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.

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