Mohicans markets：MHM European Market

Market Overview

On Thursday, February 23, during the Asian session, spot gold rose slightly, and is currently trading at around $1828.10 per ounce. Although there were some bargain-hunting and short term profit taking and gold rallied modestly in the short term, the market reinforced expectations for higher terminal rates after the Fed minutes. The Federal Reserve officials also reiterated that they would further raise interest rates to control inflation, and the dollar remained near the high of nearly a month and a half, which made the gold price face further downside risks.

The session will focus on the U.S. jobless claims and fourth-quarter GDP revisions, as well as changes in market expectations for the U.S. January PCE data due on Friday, and geopolitical news.

The low level of US crude oil fluctuated in a narrow range, and the current trading price is around $74.08 per barrel; After the release of the minutes of the Federal Reserve meeting overnight, the market worried that the expectation of the Federal Reserve and global central banks to increase interest rates more aggressively increased. Investors are worried that this will weigh on economic growth and fuel demand, and the continued rise of the US dollar will also put pressure on oil prices.

In addition, a large-scale snowstorm in the northern plains of the United States and the upper Midwest also hit the demand for fuel. So far, 3500 flights in the United States have been delayed or canceled.

In addition, API data showed that US crude oil inventory surged 9.9 million barrels last week. This also suggests that US demand is sluggish.

Although Morgan Stanley raised its oil demand growth forecast this year by about 36%, its analysts also lowered their oil price forecast because the supply from Russia was more than expected, which made the shortage in the second half of the year slightly lower than previously assumed.

The technical signals are also still biased towards short positions, and it is expected that the oil price will still tend to fluctuate downward in the future.

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 23, 2023, Beijing time.

Intraday Oscillation Range: 1801-1817-1833-1856-1873

Overall Oscillation Range: 1730-1756-1780-1801-1817-1833-1856-1873-1889-1903-1911-1929-1937-1951-1978-1985

In the subsequent period of spot gold, 1801-1817-1833-1856-1873 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 23. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 20.6-21.5-22.3-23.1

Overall Oscillation Range: 19.7-20.6-21.5-22.3-23.1-23.9-24.5-25.3-26.1

In the subsequent period of spot silver, 20.6-21.5-22.3-23.1 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 23. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 73.1-73.8-75.1-77.9

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, 73.1-73.8-75.1-77.9 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 23 This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 1.0570-1.0690-1.0755-1.0830-1.0950

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 23. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 1.1830-1.1920-1.2030-1.2135-1.2250

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, 1.1830-1.1920-1.2030-1.2135-1.2250 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 23. This policy is a daytime policy. Please pay attention to the policy release time.