Mohicans markets：10.19-MHM European Perspective

On Tuesday,October 18, in the Asian session, spot gold weakened in shock, at present, the trading volume is around 1645 US dollars/ounce. The market turbulence caused by the British fiscal policy has subsided, but the expectation that most central banks in the world will further raise interest rates is lingering. In particular, the market expects that the Federal Reserve will raise interest rates by 75 points twice this year, which puts pressure on gold prices. In addition, the dollar shows signs of stabilizing and rebounding, and holding of gold ETF decline, which also dampens the morale of gold bulls.

US crude oil rose in shock, currently trading near $86.34 per barrel. On Monday, the new British Chancellor of the Exchequer Hunter overturned Truss's economic plan and improved market risk appetite. On Monday, global stock markets rose sharply, and the US dollar fell sharply, supporting oil prices together; The Bank of England will delay the quantitative tightening policy until the British government bond market returns to calm and the US stock index futures further soar, which is expected to provide further upward momentum for oil prices.

This trading day focused on API crude oil inventory series data, the monthly rate of industrial output in September in the United States, the ZEW economic climate index in October in the euro area, the speeches of Federal Reserve Chairman Bostik of Atlanta and Federal Reserve Chairman Kashkari of Minneapolis, the speeches of officials of the European Central Bank and the related news of the geographical situation, and the further news of British fiscal policy.

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 15:30 on October 19, 2022 Beijing time.

Technical analysis

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

1700 Bullish increased significantly, bearish increased slightly, long target

1685 Bullish decreased, bearish unchanged, resistance level

1670-1675 Bullish increased significantly, bearish decreased, long target

1665 Bullish unchanged, bearish slightly increased, resistance level

1650 Bullish slightly reduced, bearish significantly reduced, support level

1630 Bullish unchanged, bearish sharply increased, short target, support level

Order flow key point marking (spot price):

1694-1700 non-agricultural data back top bottom conversion level, strong resistance

1682-1684 Strong resistance area

1672-1674 CPI data is the point of starting to fall point, which is the key resistance. The gold price is more under pressure under this level

1664 Upper resistance in the range

1656 The first resistance level during the day (resistance within the range)

1646 The first support during the day (resistance at the lower edge range)

1640-1642 Important support

1625 Strong support, effective breaking at 1610-1614 around

Note: The above strategy was updated at 15:00 on October 19. This policy is a daytime policy. Please pay attention to the policy release time.

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

19.25 Bullish slightly increased, bearish unchanged, long target

19 Bullish decreased, bearish slightly increased, resistance level

18.70-18.75 Bullish slightly increased, bearish slightly decreased, long target, resistance level

18.50 Bullish slightly increased, bearish slightly decreased, support level

18-18.10 Bullish unchanged, bearish slightly reduced, support zone

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

18.95 Upper edge of shock section, resistance level

18.60-18.56 Lower edge of shock section, support area

18 Important support

17.5-17.65 Front low area

Note: The above strategy was updated at 15:00 on October 19. 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 increased, bearish slightly decreased, long target and resistance

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

82.5-83 Bullish increased significantly, bearish increased, support level

81 Bullish increased, bearish increased significantly, short target

80 Bullish increased and large stock, bearish growth and large stock, key support

78 Bullish slightly reduced, bearish sharply increased, short target

Order flow key point marking:

87 Long rebound target, resistance level

85-85.5 Strong resistance, breakthrough is expected to ease the decline

83.5-83.8 First resistance zone

81.8 First support position

80-81 Key support area

Note: The above strategy was updated at 15:00 on October 19. This policy is a daytime policy. Please pay attention to the policy release time.

CME Group options layout changes：

1.00-1.0025 Bullish increase sharply, bearish  increase sharply, long target and resistance

0.995 Bullish increase, bearish increase slightly, long target

0.99 Bullish increase sharply, bearish increase sharply and the stock is large, rebound target and resistance

0.985 Bullish decrease slightly, bearish decrease sharply, resistance has weakened

0.98 Bullish decrease slightly, bearish increase, fall back target

0.975 Bullish increase slightly, bearish decrease, support level

0.97 Bullish increase slightly, bearish decrease but the stock is large, short target and support

Note: The above strategy was updated at 15:00 on October 19. This strategy is a day strategy, please pay attention to the release time of the strategy.

CME Group options layout changes：

1.15 Bullish increase slightly and the stock is large, bearish unchanged, long target and resistance

1.14-1.142 Bullish increase slightly, bearish unchanged, long target

1.135 Bullish decrease slightly but the stock is large, bearish increase slightly, rebound target and resistance

1.13-1.132 Bullish increase slightly, bearish increase slightly, support level

1.125 Bullish unchanged but the stock is large, bearish increase slightly, important support

1.12 Bullish unchanged, bearish increase sharply, short target

Note: The above strategy was updated at 15:00 on October 19. This strategy is a day strategy, please pay attention to the release time of the strategy.

Special Instructions:This article involves the key point labeling and technical analysis of spot gold, spot silver, and U.S. crude oil. With reference to the change data of options positions published on the CME official website, the average order flow change data of large brokers in the industry is superimposed. Starting from the distribution of market chips, it is more accurate to calculate Mark the sentiment of the market in important price ranges.

The order flow mainly refers to the following Oder Book data, which is updated every 20 minutes, taking XAUUSD international gold as an example:

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.