Mohicans markets ：11.28-MHM European Market

Market Review

On Monday (November 28), Beijing time, during the Asian European session, spot gold fell slightly in shock. At present, the trading volume is at 1749.11 US dollars/ounce. The rebound of the US dollar has put pressure on the gold price. However, the fear of epidemic situation has rebounded, and Asian stock markets have generally weakened, which also provides some hedge support for the gold price.

In addition, the survey shows that most analysts and retail investors still tend to be bullish on the future market of gold. Before 1735, gold prices tended to rise in shock.

However, there are many economic data and risk events this week. The Thanksgiving holiday in the United States has just ended. There is still some wait-and-see sentiment in the market, and overall trading is still subject to certain restrictions.

This trading day needs to pay attention to the speech of European Central Bank President Lagarde, New York Federal Reserve Chairman Williams, St. Louis Federal Reserve Chairman Brad, and British Prime Minister Sunak. Pay attention to the expected changes in the market for the US October non-agricultural data to be released this week and the expectation for the speech of Fed Chairman Powell.

US crude oil fell by 3.5% to US $73.83 per barrel, a new low since December 28, 2021. On the one hand, the market is increasingly worried about the Asian epidemic, which has dragged down the demand prospects. On the other hand, thousands of flights in the United States have been delayed due to bad weather, which has also dragged down oil prices. In addition, the meeting of EU government representatives originally scheduled to discuss this issue on the evening of November 25 was canceled, which means that the EU's oil price ceiling for Russia remains at 60-75 US dollars/barrel, and the Russian supply rate will not be withdrawn from the market, increasing the concern of oversupply.

This trading day focused on the epidemic related news and the performance of European and American stock markets, the speech of European Central Bank President Lagarde, the speech of New York Federal Reserve Chairman Williams, the speech of St. Louis Federal Reserve Chairman Brad, and the speech of British Prime Minister Sunak, and the expected changes in the market for the US October non-agricultural data to be released this week and the expectation for the speech of Federal Reserve Chairman Powell.

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 28, 2022 Beijing time.

Technical Analysis

Change in option layout of CME Group (Futures price in February):

1810-1815 Bullish increased significantly, bearish remained unchanged, long target

1800 Bullish sharply reduced, bearish unchanged, resistance level

1780 Bullish increased, bearish slightly increased, long and short target

1760 Bullish and bearish increased significantly, long short game and resistance level

1730-1745 Bullish and bearish increased significantly, long short game and support position

Order flow key point marking (spot price):

1766 long and short boundary

1760-1761 Intraday resistance

1757 May be the ASEM resistance

1748-1750 ASEM support

1743-44 First support position

1736 Mid-line support position

Note: The above strategy was updated at 15:00 on November 28. This policy is a daytime policy. Please pay attention to the policy release time.

Change of CME Group's option layout

21.85-22 Bullish increased, bearish unchanged, long target

21.75 Both bullish and bearish remain unchanged, resistance level

21.3 Bullish unchanged, bearish increased, resistance level

21.2 Both bullish and bearish remain unchanged, support position

Order flow key point marking (spot price):

21.8 Key resistance

21.66 Intraday resistance

21.3 Asian Market resistance level

21 Asia and Europe market support

20.8 Intraday support

Note: The above strategy was updated at 15:00 on November 28. This policy is a daytime policy. Please pay attention to the policy release time.

CME Group options layout changes (January Futures Price)：

82 Bullish increased, bearish decreased slightly, previous long target and resistance

80 Bullish increased sharply, bearish decreased sharply but the stock was large, resistance weakened

77 Bullish increased sharply, bearish decreased, short-term long target

75 Bullish increased sharply, bearish decreased sharply but the stock was large, support turned resistance

73 Bullish increased slightly, bearish increased sharply, short target

70 Bullish increased slightly, bearish increased sharply and the stock was large, short target

Order flow key point marking (January Futures Price)：

84.5 Second resistance during the week

82-82.5 First resistance

79.5-80 The medium-term long and short boundary, after the station is expected to resume the upper action

78.8 Last Friday's volume point

77 The previous retracement of the level into resistance

75-75.3 Yesterday's rally low + September low, which is expected to form a daily double bottom and strong support in the medium term

74 Second target for bears and key support, last November double bottom neckline

73 Medium-term short target for options bets

70 Strong support at the round number mark, but bearish options are also increasing bets for a possible intense shakeout

Note: The above strategy was updated at 15:00 on November 28. This policy is a daytime policy. Please pay attention to the policy release time.

Todays CME Group data:

1.05 Bullish increased and the stock was large, bearish increased slightly, long target and resistance

1.045 Bullish increased, bearish increased, rebound target and resistance

1.04 Bullish decreased, bearish increased sharply, resistance

1.035 Bullish increased slightly, bearish increased, short-side strength

1.03 Bullish decreased slightly and the stock was large, bearish increased, fallback target and support

1.025 Bullish unchanged, bearish increased, short target

1.02 Bullish decreased, bearish decreased sharply but the stock was large, next short target

Note: The above strategy was updated at 15:00 on November 28. This policy is a daytime policy. Please pay attention to the policy release time.

Todays CME Group data:

1.225 Bullish increased slightly, bearish unchanged, next long target

1.22 Bullish increased, bearish unchanged, long target

1.215 Bullish decreased slightly, bearish unchanged, resistance

1.21 Bullish increased and the stock was large, bearish increased slightly, rebound target and resistance

1.205 Bullish unchanged but the stock was large, bearish increased, support

1.195 Bullish unchanged but the stock was large, bearish unchanged, next support

1.19 Bullish unchanged, bearish increased slightly, short target

Note: The above strategy was updated at 15:00 on November 28. 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 consultation only. It does not take into account your investment objectives, 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 warranty or representation on this material. The examples in this material are for illustrative purposes only. To the extent permitted by law, MHMarkets and its employees shall not be liable for any loss or damage arising from any information provided or omitted in this material in any way (including negligence). The characteristics of MHMarkets' products, including applicable fees and charges, are outlined in the product disclosure statement provided on MHMarkets' website. Derivatives may be risky; The loss may exceed your initial payment. MHMarkets recommends that you seek independent advice.

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