MHMarkets:10.17-MHM European Perspective
On Monday,October 17, in the Asian session, spot gold rose in shock. At present, it is trading near 1652.5 US dollars/ounce, bargain hunting around 1640 and the US dollar has weakened slightly, providing a rebound momentum for the gold price. Since last weekend, the British government has been actively dealing with the pension crisis and tax cuts, and is prepared to issue a statement on the medium-term fiscal plan in advance, which helps the pound rebound and further depress the dollar. The geopolitical tension also provides safe haven support for the gold price.
US crude oil rose slightly, at present, the trading volume is around US $86.39 per barrel. The US dollar index has weakened, and most of the world's stock markets have rebounded. The US Treasury said that the specific price ceiling set for Russian oil has not yet been determined. In addition, the geopolitical tension between Russia and Ukraine has attracted bargain hunting to provide support for oil prices; However, the US dollar crude oil drilling data rose sharply to the highest level since March 2020. The expectation of the global central bank's interest rate increase was shrouded. Concerns about the global economic recession persisted. There was still a further downside risk in the future market of oil prices.
This trading day focuses on the European Union Foreign Ministers' Meeting, European Central Bank officials' speeches and British Chancellor of the Exchequer Hunter's speeches, and pays attention to the relevant news of the geographical situation. 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 17, 2022 Beijing time.
Technical analysis
Change of CME Group's option layout (futures price in December):
1700 Bullish sharply reduced, bearish unchanged, resistance level
1695 Bullish increased significantly, bearish unchanged, long target
1675-1680 Bullish market increased significantly, bearish market decreased slightly, long target area
1665 Bullish decreased, bearish increased, resistance level
1650 Bullish increased, bearish decreased significantly, key support
1640 Bullish unchanged, bearish sharply increased, short target
1625 Bullish unchanged, bearish sharply increased, short target
Order flow key point marking (spot price):
1694-1700 non-agricultural data back top bottom transition, strong resistance
1682-1684 Strong resistance area
1672-1674CP data is a key resistance, and the gold price is under more pressure
1663.5 Second resistance
1652 The first resistance during the day
1642 Important support
1625 Support position, effective break, front low 1610-1614
Note: The above strategy was updated at 15:00 on October 17. This policy is a daytime policy. Please pay attention to the policy release time.
Change of CME Group's option layout (futures price in December):
19 Bullish increased, bearish unchanged but huge stock, resistance level
18.75 Bullish slightly decreased, bearish slightly increased, resistance level
18.50 Bullish increased significantly, bearish decreased slightly, long target
18.20 Bullish slightly increased, bearish unchanged, support level
18 Bullish increased, bearish slightly increased, important support level
17.75 Bullish unchanged, bearish increased, short target
Order flow key point marking (spot price):
20 Key resistance
19.10-19.25 The starting point of large-scale decline after CPI data, an important resistance level
18.83 Second resistance level
18.50 First resistance level
18 The front is low, integer support
17.55-17.65 Front low area
Note: The above strategy was updated at 15:00 on October 17. This policy is a daytime policy. Please pay attention to the policy release time.
Key point marking of order flow (futures price in November):
90 Bullish increased significantly, bearish decreased, long target
88.5 Bullish increased significantly, bearish increased, long target
87 Bullish decreased, bearish decreased, resistance level
85 Bullish decreased, bearish increased significantly, and support weakened
83 Bullish slightly reduced, bearish significantly reduced, support level
82 Bullish unchanged, bearish sharply increased, support level
Order flow key point marking:
90.5 Top to bottom conversion, breaking through the front height
89.5 Strong resistance
88 US market volume up and down, with strong intraday resistance
86.7 The first resistance level during the day, the boundary between long and short
85-85.3 The lowest point on the day of the OPEC meeting, the limit support of multiple heads
82.5 618 retraction position and support position of secondary wheel upward
81 Jumping, key support for the gap, look at 79 after breaking
Note: The above strategy was updated at 15:00 on October 17. This policy is a daytime policy. Please pay attention to the policy release time.
CME Group options layout changes：
0.9825-0.985 Bullish increase sharply, bullish increase, long target
0.98 Bullish unchanged, bearish decrease slightly, resistance weaken
0.9775 Bullish unchanged, bearish increase sharply, next resistance
0.975 Bullish increase, bearish decrease but the stock is large, rebound target and resistance
0.97 Bullish increase slightly, bearish increase sharply, fall back target and support
0.965 Bullish unchanged, bearish increase sharply and the stock is large, short target
0.96 Bullish unchanged, bearish decrease slightly but the stock is large, short target and support
Note: The above strategy was updated at 15:00 on October 17. This strategy is a day strategy, please pay attention to the release time of the strategy.
CME Group options layout changes：
1.145 Bullish increase, bearish unchanged, next long target
1.14 Bullish increase slightly, bearish unchanged, long target
1.135 Call options unchanged but the stock is large, bearish unchanged, rally target
1.127-1.13 Bullish decrease slightly, bearish unchanged, resistance level
1.12 Bullish decrease slightly, bearish increase slightly, fall back target
1.115 Bullish decrease slightly, bearish decrease slightly, support weaken 1.11 Bullish unchanged, bearish unchanged but the stock is large, short target
Note: The above strategy was updated at 15:00 on October 17. This strategy is a day strategy, please pay attention to the release time of the strategy.
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.
