Mohicans markets ：10.20-MHM European Perspective

On Tuesday, October 20, during the Asian session, spot gold bottomed out and rebounded. At present, it is trading near 1633 dollars/ounce. Earlier, because the market expected the Federal Reserve to raise interest rates twice this year by 75 points, the US bond yield once again hit the highest level since 2008, the US dollar also rose slightly, and the gold price fell to around US $1622. In the afternoon, it was reported that the major Asian countries were discussing shortening the COVID-19 quarantine period for inbound passengers, which turned the US dollar from rising to falling. In addition, the demand for ultra falling rebound helped the gold price rise to above 1630.

It is expected that the aggressive interest rate increase expectation of most central banks in the world, especially the aggressive interest rate increase expectation of the Federal Reserve, will still limit the rebound space of gold prices, and even further suppress gold prices.

US crude oil futures rose slightly in December. At present, the trading volume is around 85.49 US dollars/barrel. The overnight data shows that EIA crude oil inventory declined, and the strategic inventory declined 3.6 million barrels, to slightly higher than 405 million barrels, the lowest level since May 1984. The market's expectation of tight supply has risen;

In the afternoon, it was reported that major Asian countries were discussing shortening the COVID-19 quarantine period for inbound passengers, boosting demand expectations and increasing short-term bull opportunities.

This trading day needs to focus on the changes in the number of Americans applying for unemployment benefits, the European Leaders' Summit and the speeches made by officials of the Federal Reserve, and pay attention to the relevant news of the geographical situation;

In addition, the USD/JPY is approaching the 150 integer level, so we need to pay attention to the dynamic news of the Bank of Japan and the position adjustment of brokers.

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 was updated at 15:30 on October 20, 2022 Beijing time.

Technical analysis

CME Group option layout Changes (futures price in December):

1675 to 1680 Bullish increased significantly, bearish decreased slightly

1670 Bullish decreased, bearish unchanged, resistance level

1660 Bullish increased, bearish slightly decreased, resistance level

1650 Bullish increased, bearish slightly decreased, but stock was large, resistance level

1645 Bullish increased, bearish slightly increased, resistance level

1635 Bullish increased significantly, bearish increased, long short competition, key position

1605-1610 Bullish slightly increased, bearish sharply reduced, short target

Order flow key point marking (spot price):

1668 Key resistance, breaking through and stabilizing means a reversal of short-term short positions

1646 Key resistance, under which the short position pattern continues

In 1637, Long and short boundary, breaking through the short-term stable gold price may tend to be volatile

1630 The first resistance level, which indicated that gold price was still inclined to downward under pressure

1626 Key support, looking at the front low 1610-1614 under effective break

1600 Integer level, expected to have some psychological support

Note: The above strategy was updated at 15:00 on October 20. This policy is a daytime policy. Please pay attention to the policy release time.

CME Group option layout Changes (futures price in December):

19.35 Bullish slightly reduced, bearish slightly reduced, resistance level

19.25-19.30 Bullish increased, bearish unchanged, long target

18.95-19 Bullish decreased, bearish slightly decreased, resistance zone

18.55-18.60 Bullish slightly increased, bearish slightly decreased, long target

18.30 Bullish slightly increased, bearish slightly increased, support zone

18-18.05 Bullish slightly increased, bearish significantly increased, a key support area

Order flow key point marking (spot price):

20 Key resistance

19.30 CP1 is the highest of the day, important resistance level

18.95 Upper edge of shock section, resistance level

18.6 The lower edge of the shock section turns to the resistance level

18.30 First support position during the day

18 Important support

17.5-17.65 Front low area 

Note: The above strategy was updated at 15:00 on October 20. This policy is a daytime policy. Please pay attention to the policy release time.

CME Group option layout Changes (futures price in December):

87 Bullish decreased, bearish slightly increased, resistance level

86 Bullish increased significantly, bearish increased slightly, long target

85 Bullish increased and the stock was large, while the bearish period increased and the stock was large, which was the key resistance

83-83.5 Bullish increased, bearish increased, support level

82 Bullish slightly reduced, bearish sharply increased, short target

80 Bullish decreased but large stock, bearish decreased but large stock, key support

Order flow key point marking:

87 Long rebound target, resistance level

85.6-86 Strong resistance, return to the last trading range

83.5-83.9 First support area

82.6 Key support during the day 

81.8 Double bottom support

80-81 Key support area

Note: The above strategy was updated at 15:00 on October 20. This policy is a daytime policy. Please pay attention to the policy release time.

CME Group options layout changes：

0.99 Call options +34 lots, put options -100 lots and the stock is large, long target and resistance

0.985 Call options +7 lots, put options +99 lots and the stock is large, resistance

0.98 Call options+14 lots, put options -20 lots, rebound target

0.975 Call options +4 lots, put options unchanged, support

0.9675-0.97 Call options -2 lots, put options +174 lots, fall back target

0.96 Call options unchanged, put options -55 lots but the stock is large, short target and support

Note: The above strategy was updated at 15:00 on October 20. This strategy is a day strategy, please pay attention to the release time of the strategy.

CME Group options layout changes：

1.14 Call options -3 lots, put options unchanged, next resistance

1.135 Call options unchanged but the stock is large, put options unchanged, long target

1.13 Call options -2 lots, put options -2 lots, resistance

1.125 Call options unchanged but the stock is large, put options unchanged, rebound target

1.12 Call options +6 lots, put options +118 lots, fall back target and support

1.115 Call options unchanged but the stock is large, put options unchanged, next support

1.11 Call options-11 lots, put options -1 lot but the stock is large, short target and support

Note: The above strategy was updated at 15:00 on October 20. This strategy is a day strategy, please pay attention to the release time of the strategy.

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.