MHMarkets:December 9-European Perspective

Market Overview

On Friday, December 9, Beijing time, during the Asian and European session, spot gold shocks up, and is currently trading near $ 1795 per ounce. Market concerns about the lingering U.S. recession dragged the dollar down, approaching support for more than five-month lows, providing support for gold prices. Market expectations that the Federal Reserve will slow down some of its interest rate hikes also helped the bulls. However, the market remains relatively cautious ahead of next week's Federal Reserve resolution.

This trading day needs to pay attention to the U.S. PPI data for November, the U.S. preliminary of University of Michigan consumer confidence index for December, and the geopolitical situation related news.

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 9, 2022, Beijing time. 

Technical Analysis

CME Group options layout changes (February Futures Price)：

1850 Bullish decreased sharply, bearish unchanged, key resistance level

1835-1840 Bullish decreased sharply, bearish increased slightly, upside action expanded

1825 Bullish increased, bearish unchanged, long target

1810 Bullish increased sharply, bearish unchanged, short-term long target and resistance

1800 Bullish increased, bearish decreased slightly, short-term support

1760 Bullish unchanged, bearish increased sharply, short target

Order flow key point marking (Spot Price)：

1820-1825 Long target, also resistance

1806-1810 Important resistance area

1794 200-day SMA resistance

1786 Resistance becomes support

1781 Long-short boundary in the short term

1776 Hourly uptrend line support

1766  Important support

Note: The above strategy was updated at 15:00 on December 9. This policy is a daytime policy. Please pay attention to the policy release time.

CME Group options layout changes (March Futures Price)：

24 Bullish increased sharply, bearish increased slightly, long target

23.5 Bullish decreased slightly, bearish decreased slightly, previous long target

23.25 Bullish decreased slightly, bearish increased, support level

23 Bullish decreased slightly, bearish increased, support weakened

22.5 Bullish decreased slightly, bearish increased, short target

Order flow key point marking (Spot Price)：

24.85-25 Long target

24.45-24.57 Secondary resistance

24-24.17 March double top neckline level, strong resistance area

23.4-23.6 Important resistance area (being tested)

23 Resistance turned support, last night's U.S. market release starting point

22.57 Hourly double bottom neckline support

22.4 Short-term support

22 Important support during the day

Note: The above strategy was updated at 15:00 on December 9. This policy is a daytime policy. Please pay attention to the policy release time.

Change of CMEGroup option layout (futures price in January):

76 Bullish increased significantly, bearish increased slightly, long target

75 Bullish increased significantly, bearish decreased significantly, but the stock was outstanding, with resistance level

73.5 Bullish increased significantly, bearish decreased slightly, short-term rebound target

72.5 Bullish increased significantly, bearish increased, resistance level

71-71.5 Bullish increased, bearish increased significantly, support area

70 Bullish increased, bearish decreased significantly, but the stock was huge, short target

Order flow key point marking (spot price):

76.7 The first retracement of this week's decline, an important resistance

75-75.4 The US market fell sharply after two retreat, an important resistance

73.4 Early support level, high volume up and down on Thursday night, resistance level

72.65 The first resistance level of the day

71-71.3 First support position, key support of the day

70 Target of put option bet

69.45 At the beginning of December last year, the neck line support at the bottom of the head and shoulders was important

67.35 Support position repeatedly stepped back last December

Note: The above strategy was updated at 15:00 on December 9. This policy is a daytime policy. Please pay attention to the policy release time.

Technical Analysis 

CME Group data today:

1.07 Bullish slightly reduced, but the stock was large, bearish unchanged, long target and resistance

1.065 Bullish increased significantly, bearish unchanged, long target

1.06 Bullish decreased but stock was large, bearish increased, rebound target and resistance

1.055 Bullish decreased, bearish increased, falling target

1.05 Bullish sharply reduced, bearish sharply increased, important support

1.045 Bullish unchanged, bearish sharply increased, short target

Note: The above strategy was updated at 15:00 on December 9. This policy is a daytime policy. Please pay attention to the policy release time.

CME Group data today:

1.245 Bullish slightly reduced but large stock, bearish unchanged, long target and resistance

1.24 Bullish and bearish unchanged, long target

1.23 Bullish decreased, bearish unchanged, resistance

1.225 Bullish unchanged, bearish slightly reduced, support

1.22-1.222 Bullish increased, bearish increased significantly and compete for position

1.215-1.217 Bullish slightly reduced, bearish slightly reduced, next support

1.21 Bullish slightly decreased but stocks were large, bearish increased, and short targets also support

Note: The above strategy was updated at 15:00 on December 9. 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 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.