Market Inventory

On Thursday (December 1), Beijing time, during the Asian European session, spot gold rose in shock, hitting a new high of 1782.60 US dollars/ounce for more than two weeks. The speech of Federal Reserve Chairman Powell on slowing the pace of interest rate increase weakened the yield of US dollars and US bonds, providing momentum for gold prices.

In addition, the poor performance of overnight ADP data also encouraged bulls' morale, although the US GDP data for the third quarter rose slightly.

This trading day will usher in changes in the number of US initial claims for unemployment benefits, US November PCE data, and US November ISM manufacturing PMI data. The PCE data is the inflation data that the Federal Reserve focuses on. At present, the market is expected to be weaker than October, and the market also expects that the PMI data will fall below the boom and bust line of 50, biased towards bullish gold prices.

The US crude oil fluctuated in a narrow range. At present, the trading volume is around 80.15 USD/barrel. The overnight data line shows that the EIA crude oil inventory has recorded the largest decline since 2019. The market's concern about the Asian epidemic has cooled. The oil price has initially broken the 80 integer barrier, and the short-term bullish signal has been strengthened. Although the US crude oil output hit a new high since the epidemic, which made bulls slightly wary, the Fed Powell's statement that it would slow down the pace of interest rate increase improved the market risk appetite. The global stock market rose generally, and short-term oil prices are expected to fluctuate upward.

In addition, investors should also pay attention to the speeches of other Fed officials and the expected changes of the market on the US November non farm employment report to be released on Friday. It is also necessary to pay attention to the meeting between President Biden of the United States and French President Emmanuel Macron, to the relevant news of the geographical situation, and to the changes in the market's expectations for the weekend OPEC+meeting.

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 December 1, 2022 Beijing time.

Technical Analysis

Change of CME Group's option layout (Futures price in February):

1800 Bullish increased significantly, bearish increased slightly, long target

1770 Bullish slightly increased, bearish significantly increased, short target

1750-1755 Bullish slightly decreased, bearish sharply decreased, supporting range

1740 Bullish unchanged, bearish sharply increased, short target

Order flow key point marking (spot price):

1785-1795 The original center line resistance may be tested in advance

1770-1772 Asian and European market support

1763-1766 High level in the early period, and then changed support after breaking

1757 Support of the day

1747-1740 Key points at the low end of the volatility range, which could be strong support

Note: The above strategy was updated at 15:00 on December 01. This strategy is a daytime strategy, please note the strategy release time.

CME Group options layout changes

22.55 Bullish increased, bearish unchanged, long target

22.10-22.15 Bullish increased, bearish unchanged, support level

22 Bullish decreased, bearish slightly increased, support level

21.6-21.7 Bullish unchanged, bearish increased, short target

Order flow key point marking (spot price):

Step back position in June 22.55, which may be a new resistance

22.25 The high in November briefly broke through, and may step back upward

21.8-21.9 Resistance become support

21.6 Resistance become support

21.15 Lower limit of consolidation range support, long/short boundary

Note: The above strategy was updated at 15:00 on December 01. This strategy is a daytime strategy, please note the strategy release time.

CME Group options layout changes (January Futures Price)：

87.5 Bullish increased significantly, bearish unchanged, long and medium term long target

85 Bullish increased significantly and the stock was large, bearish increased slightly and the stock was large, long target and resistance

84 Bullish increase significantly, bearish decreased, long target

80 Bullish decreased significantly, bearish increased significantly and the stock was large, the action can expand under the vigilance of breaking the position

77.5 Bullish slightly decreased, bearish significantly increased, short-term short target

75 Bullish slightly decreased, bearish significantly increased and the stock was large, short target

70 Bullish slightly increased, bearish significantly increased and the stock was large, short target

Order flow key point marking (January Futures Price)：

84.5 Midline resistance

81.5-82-82.5 Key position

80-80.3 Multiple back steps may be intraday support

79-78.7 Volume break resistance and starting point becomes support

77.2 The lower edge of the shock range last Thursday

75 Midline long-short boundary

73-74 Last November double bottom neckline

70 US storage level, medium and long term support

Note: The above strategy was updated at 15:00 on December 1. This policy is a daytime policy. Please pay attention to the policy release time.

Technical Analysis

Today’s CME Group data:

1.06 Bullish increased and the stock was large, bearish unchanged, long target

1.055 Bullish increased, bearish unchanged, long target

1.05 Bullish increased and the stock was large, bearish increased, rebound target and resistance

1.045 Bullish increased, bearish slightly decrease, rebound target

1.04 Bullish significantly decreased, bearish increased and the stock was large, fallback target

1.035 Bullish decreased, bearish increased significantly, short target

1.03 Bullish significantly decreased, but the stock was large, bearish decreased, short target and support

Note: The above strategy was updated at 15:00 on December 1. This policy is a daytime policy. Please pay attention to the policy release time.

Today’s CME Group data:

1.23 Bullish slightly decreased, bearish slightly increased, long target and resistance

1.22 Bullish unchanged, bearish slightly increased, resistance

1.215 Bullish increased, bearish slightly increased, rebound target and resistance

1.21 Bullish increased and the stock was large, bearish increased slightly, rebound target

1.205 Bullish unchanged, but the stock was large, bearish slightly increased, loop target and resistance

1.20 Bullish slightly increased, bearish slightly increased, short target and support

1.195 The bullish is unchanged, but the stock is large, bearish unchanged, support

Note: The above strategy was updated at 15:00 on December 1. This policy is a daytime policy. Please pay attention to the policy release time.

Statement | Disclaimer

Disclaimer: The information contained in this material is for general consultation only. It does not take into account your investment objectives, 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 warranty or representation on this material. The examples in this material are for illustrative purposes only. To the extent permitted by law, MHMarkets and its employees shall not be liable for any loss or damage arising from any information provided or omitted in this material in any way (including negligence). The characteristics of MHMarkets' products, including applicable fees and charges, are outlined in the product disclosure statement provided on MHMarkets' website. Derivatives may be risky; The loss may exceed your initial payment. MHMarkets recommends that you seek independent advice.

MohicansMarkets, (abbreviation: MHMarkets or MHM, Chinese name: Maihui), Australian Financial Services License No. 001296777.