Mohicans markets：10.14MHM European Perspective

Market Overview

On Friday October 14, during the Asian session, spot gold fluctuated in a narrow range. Currently, it is trading near 1668 dollars/ounce. The strong US CPI data released overnight supported the Federal Reserve's expectation of aggressive interest rate hikes, which once put pressure on gold prices, but the fall in US dollar and US bond yields provided support for gold prices.The news that the British government may reverse the tax reduction policy in the future will help the British pound and US debt rebound, and the yield of US dollar and US debt will be affected,

Most other non US currencies have also shown some signs of bottoming out. There is a further risk of correction in short-term US dollars, which is expected to provide opportunities for gold prices to rise.

US crude oil fluctuated in a narrow range, currently trading around 89.40 USD/barrel. The market expects that the UK tax policy will make a sharp turn, the global market risk appetite will improve, most stock markets will rebound from months or even years of lows, and the US dollar will show signs of correction, driving the oil price up. The US refined oil inventory fell to the lowest level since May, which overshadowed the impact of the larger than expected increase in crude oil and gasoline inventory; Saudi Arabia's held a firm attitude to the US, defending last week's decision to cut production, also boosted bulls' morale, with short-term oil prices slightly biased towards bulls.

This trading day focuses on the US retail sales data in September and the initial value of the US University of Michigan consumer confidence index in October. Pay attention to the speeches of George, the chairman of the Kansas Federal Reserve, and Lisa Cook, the director of the Federal Reserve, and pay attention to the relevant news about 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 14, 2022 Beijing time.

Technical Analysis

CME Group options layout changes(December Futures price)：

1720 Bullish increase sharply, bearish unchanged, long target

1715 Bullish decrease, bearish increase, resistance level

1700 Bullish increase sharply, bearish decrease, long target

1680-1685 Bullish increase, bearish increase, long and short key levels

1665 Bullish increase, bearish increase, short target

1660 Bullish increase, bearish decrease, support level

1655 Bullish decrease slightly, bearish increase, short target

1625-1630 Bullish decrease slightly, bearish increase, short target area

Order flow key point labeling(spot price): 

1694-1700 Top-bottom conversion level after data, strong resistance

1682-1684 Strong resistance area

1672-1674 CPI data after the opening price of the K-line with significantly larger volume, the key positive force, the level below the gold price is more under pressure

1654 The first support in a day

1642-1644 The end of September back to the upside, the low of CPI, important support area

1625 Short bets the first target, effective break down to the previous low near the 1610-1614

Note: The above strategy was updated at 15:00 on October 14. This strategy is a day strategy, please pay attention to the release time of the strategy.

CME Group options layout changes：

19.55-19.60 Bullish increase, bearish unchanged, long target area

19.50 Bullish decrease, bearish increase slightly, strong resistance

19.25 Bullish decrease slightly, bearish increase, strong resistance

19-19.1 Bullish increase, bearish increase, long and short contention

18.90 Bullish increase slightly, bearish increase slightly, support

18.7-18.75 Bullish increase, bearish decrease, strong support area

18.60 Bullish increase, bearish unchanged, support

18.50 Bullish increase, bearish increase, key support

Order flow key point labeling(spot price): 

20 Key resistance

19.7 Second resistance

19.25 CPI data after the release of the starting point of the decline, an important resistance level

18.7-18.75 First support zone in a day

18.35 Last line of defense for the bulls

18 Short target is also support

17.5-17.65 Previous low area

Note: The above strategy was updated at 15:00 on October 14. This strategy is a day strategy, please pay attention to the release time of the strategy.

Order flow key point labeling（November Futures price): 

93 Bullish decrease sharply, bearish decrease slightly, resistance

91.5-92 Bullish decrease sharply, bearish decrease slightly, long target and resistance

99.0 Bullish decrease sharply, bearish decrease, breakout will extend upside momentum

87.5-88 Bullish decrease sharply, bearish increase sharply, support weaken

86.5 Bullish increase slightly, bearish increase, loss will extend downside action

85 Bullish increase sharply, bearish increase, key support

Order flow key point labeling: 

90.5 Top-bottom conversion, break above previous high

89.5 First resistance in a day

88 First support in a day, long-short boundary in a day

86.5-87 Key support area in a day

85-85.3 The lowest point of the day of the OPEC meeting, the limit of support for the long side

82.5 618 retracement of the next round of upside

81 Jump high gap key support, break down to 79

Note: The above strategy was updated at 15:00 on October 14. This strategy is a day strategy, please pay attention to the release time of the strategy.

Change of CME Group's option layout:

0.99 Bullish slightly reduced, bearish slightly reduced, but the stock was large, strong resistance

0.985 Bullish decreased, bearish increased and large stock, next resistance

0.9825 Bullish unchanged, bearish increased, resistance level

0.98 Bullish increased, bearish slightly decreased, rebound target

0.975 Bullish increased, bearish slightly increased, fall back target and support

0.97 Bullish slightly increased, bearish decreased but the stock was large, and the short target also supported

0.965 Bullish slightly decreased, bearish decreased, important support

Note: The above strategy was updated at 15:00 on October 14. This policy is a daytime policy. Please pay attention to the policy release time.

Change of CME Group's option layout:

1.16 Bullish increased, bearish unchanged, long target

1.145-1.15 Bullish decreased, bearish remained unchanged but stock was large, resistance level

1.135 Bullish increased, bearish unchanged, rebound target

1.13 The option remained unchanged, the put decreased slightly, and the first support

1.125 Bullish unchanged, the bearish decreased slightly, the next support

1.12 Bullish decreased, bearish slightly increased, and support strength weakened

1.11 Bullish decreased, bearish increased, short target

Note: The above strategy was updated at 15:00 on October 14. This policy is a daytime policy. Please pay attention to the policy release time.

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.