Mohicans markets：December 21 - MHM European Perspective

Market Overview

On Wednesday, December 21, Beijing time, during the Asian and European session, spot gold shock slightly down, and is currently trading near $ 1813.30 per ounce. On the one hand, the dollar fell on Tuesday, gold prices rose sharply, gold prices have some technical adjustment needs in the short term, and gold prices face nearly six months of resistance near the high pressure; on the other hand, the U.S. bond yields continue to climb higher, refreshing the three-week high to 3.722%, which makes gold prices under pressure.

This trading day is relatively light on data and risk events, with an eye on U.S. annualized total of existing home sales for November and weekly U.S. EIA crude inventories data.

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 21, 2022, Beijing time. 

Technical Analysis

CME Group options layout changes (February Futures Price)：

1850 Bullish decreased sharply, bearish increased slightly, resistance level

1815-1825 Bullish decreased sharply, bearish increased sharply, downward momentum expanded

1800 Bullish decreased sharply, bearish increased sharply, support weakened, and the first short target

1785 Bullish decreased slightly, bearish increased sharply, short target

1770 Bullish unchanged, bearish increased sharply, short target

Order flow key point marking (Spot Price)：

1841 Previous long target

1832 Stronger resistance

1825 High of the CPI night, the key resistance for the current rally

1814 The first support level during the day, Asian and European markets to pay attention to whether the level can be stabilized above

1805 Tuesday's U.S. market rose in volume, long-short boundary during the day

1798 key support for the upward trend, the loss will destroy the long sentiment

1784 Limit retracement level of rising market

Note: The above strategy was updated at 15:00 on December 21. This policy is a daytime policy. Please pay attention to the policy release time.

CME Group options layout changes (March Futures Price)：

25 Bullish increased slightly but the stock was large, bearish increased slightly, long target

24.5 Bullish increased slightly but the stock was large, bearish increased slightly, long target

24 Bullish decreased but the stock was large, bearish unchanged, support level

23.75 Bullish decreased, bearish increased sharply, short target

23.25 Bullish decreased slightly, bearish decreased, support level

Order flow key point marking (Spot Price)：

24.4-24.5 78.6% retracement of the decline since April, bullish options focus bet

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

23.9 First support level during the day

23.55 Long-short boundary during the day, break below to revert to early week oscillator range

23.13 European volume rally point, support level

22.86-22.90 The lower limit of the consolidation range in recent days, break down to destroy the upward trend since early December

22.57 Long key defensive level, important support

Note: The above strategy was updated at 15:00 on December 21. This policy is a daytime policy. Please pay attention to the policy release time.

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

80 Bullish sharply reduced but huge stock, bearish increased, resistance level

78 Bullish increased, bearish increased, long target

76 Bullish increased, bearish decreased significantly, support level

75 Bullish increased, bearish increased, long short competition, support position

74-74.5 Bullish slightly increased, bearish sharply increased, short target area

72 Bullish unchanged, bearish sharply increased, short target

Order flow key point marking (spot price):

77.8-78 Double top resistance, key

76.55 Horizontal resistance level, the market has been blocked for many times, breaking 77.8 higher than before

75.9 Daily short-term support

74.5 Daily key support

73-73.5 Key support areas

71-71.3 Starting point, support area

70 Front low, double bottom support area

Note: The above strategy was updated at 15:00 on December 21. This policy is a daytime policy. Please pay attention to the policy release time.

Change of CME Group option layout (futures price in January):

1.075 Bullish declined but large stock, bearish unchanged, long target and resistance

1.07 Bullish slightly increased, bearish slightly decreased, but the stock was large. The rebound target was also positive

11.065 Bullish slightly increased, bearish slightly increased, resistance

1.06 Bullish unchanged, bearish slightly increased, and drop target

1.0575 Bullish slightly increased, bearish increased, falling target and support

1.05 Bullish unchanged but the stock was large, bearish slightly increased and the stock was large, and the short target was also supported

Note: The above strategy was updated at 15:00 on December 21. This policy is a daytime policy. Please pay attention to the policy release time.

CME Group data today:

1.24 Bullish slightly reduced, bearish unchanged, resistance

1.23-1.232 Bullish increased, bearish increased, long target and resistance

1.22 Bullish unchanged, bearish unchanged, but the stock was large, with resistance

1.215 Bullish slightly increased, bearish unchanged, supportive

1.205 Bullish unchanged, but the stock was large, bearish increased, and the falling target is also supportive

1.20 Bullish slightly reduced, bearish reduced, short target and support

Note: The above strategy was updated at 15:00 on December 21. 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.

MohicansMarkets, (abbreviation: MHMarkets or MHM, Chinese name: Maihui), Australian Financial Services License No. 001296777.