Mohicans markets：MHM European Market

Market Overview

On Tuesday, November 8, Beijing time, spot gold shock slightly down in early trading of Asian market, and is currently trading at $ 1668.80 per ounce; the dollar rebounded mildly, making gold prices under slight pressure; in the U.S. mid-term election results are about to be released, the market wait-and-see sentiment is thick, the overall trading is not much; surveys show that the Republican Party won both the House and Senate probability of nearly 70%, which may bring trouble to Biden's remaining term, and is slightly negative for the dollar and positive for gold prices.

U.S. crude oil is in a narrow range and is currently trading near $91.37 per barrel. The Group of Seven (G7) plans to set a price cap on Russian oil, which could cause disruptions to Russian oil exports;In addition, OPEC+production reduction is encouraging more hedge funds to establish bullish positions in the crude oil market. The rise in US stocks overnight also slightly supported oil prices. However, oil's failure to top its October 10 high near 93.63 helped, with some profit-taking by bulls, dragging prices down for now.

However, this week will also usher the U.S. CPI data for October; market is expected to be slightly lower than the September performance, but it is still very strong; some investors are concerned that if the U.S. CPI data is higher than expected, it will lead to a hawkish shift in Fed expectations, which in turn is not good for gold prices. In addition, according to the usual, the Fed interest rate resolution after a week, the Fed officials will be one after another public speech. The market is expected to Fed officials may further strengthen the December slowdown in interest rate hike part of the expectations, so investors need to be concerned.

This trading day need to pay attention to the U.S. mid-term elections and the changes in the U.S. API crude oil inventory data. Currently, the market is expected to favor the stock market in the mid-term elections, which is expected to provide support to oil prices; the market is expected to increase U.S. crude oil inventories, but gasoline and refined oil inventories will decline.

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 November 8, 2022 Beijing time.

Technical Analysis

CME Group options layout changes (December Futures Price)：

1720 Bullish increased sharply, bearish decrease slightly, long target

1700 Bullish increased sharply, bearish increased, long target, resistance level

1685-1690 Bullish increased, bearish decreased slightly, long target

1675-1680 Bullish increased, bearish increased, long and short contention, key range

1650 Bullish increased slightly, bearish increased and the stock is large, short target

1640 Bullish increased slightly, bearish increased, short target, support level

Order flow key point marking (Spot Price)：

1730 Long target level, trend key strong resistance

1707 Resistance level

1694-1700 Key positive force

1682 First resistance level, more critical in the short term

1667 The first major support level during the day

1661 Support position after non-farm payrolls rally, support level

1652 Starting level of non-farm payrolls, support is strong

1641-1644 Support is critical

Note: The above strategy was updated at 15:00 on November 8. The strategy is a daytime strategy, please note the strategy release time.

CME Group options layout changes (December Futures Price)：

21.5 Bullish decreased sharply, bearish unchanged, upside momentum weakened

21.15 Bullish increased, bearish increased slightly, long target

21 Bullish increased slightly, bearish increased, long target, resistance

20.75 Bullish decreased slightly, bearish increased, resistance

20.6 Bullish increased, bearish increased slightly, support

20.50 Bullish decreased sharply, bearish increased, support weakened

20.35 Bullish unchanged, bearish increased, short target

20 Bullish decreased sharply, bearish increased, short target

Order flow key point marking (Spot Price)：

21.5 focus level of call option

21.25 Previous High

21 Key resistance

20.60 Short-term support, Asian and European markets can first focus on the performance of support

20.38 Key support level during the day

20.28 Support position after non-farm, which is expected to have support

20 Key support level, support level doe's not fall which is expected to continue to move up

19.7 Third support

Note: The above strategy was updated at 15:00 on November 8. The strategy is a daytime strategy, please note the strategy release time.

Change of CME Group's option layout (futures price in December):

99 Bullish increased significantly and stocks were large, bearish unchanged, long target

96 Bullish sharply reduced, bearish unchanged, resistance level

95 Bullish decreased significantly and stocks were large, bearish decreased slightly, key resistance

92.5 Bullish and bearish increased significantly, and long and short competed for positions

90 Bullish increased significantly but stocks were large, bearish increased significantly and stocks were large, short target

85 Bullish slightly increased, but stocks were large, while bearish sharply decreased, with support level

Order flow key point marking (spot price):

97-98 Front high resistance zone

95 Key resistance

92.5-93.5 Strong resistance area

91.6 Short line support

90.4-90.7 Key supports for the day

89.8-90 Key support zone of trend

87.5-87.8 Key support of this round

Note: The above strategy was updated at 15:00 on November 8. 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):

1.015 Bullish slightly decreased but the stock was large, bearish slightly increased, the next bull target and resistance

1.01 Bullish slightly reduced, but the stock was large, while bearish slightly increased, and the bull target was also positive

1.05 Bullish increased, put option unchanged, rebound target

1.00 Bullish increased and large stock, bearish decreased, the first support

0.995 Bullish slightly increased, bearish slightly decreased, next support

0.99 Bullish slightly increased, bearish significantly increased and stocks were large, short target

Note: The above strategy was updated at 15:00 on November 8. 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):

1.165 Bullish increased and large stock, bearish unchanged, next long target

1.16 Bullish increased significantly and stocks were large, while bearish increased slightly, long target

1.155 Bullish unchanged, but the stock was large, and bearish slightly reduced, the next rebound target and resistance

1.15 Bullish increased and large stock, bearish increased, rebound target and resistance

1.145 Bullish slightly reduced, bearish slightly reduced, support level

1.14 Bullish slightly reduced, bearish slightly reduced, next support

1.135 Bullish unchanged, bearish sharply increased, short target

Note: The above strategy was updated at 15:00 on November 8. 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.