Mohicans markets：MHM European Market

Market Overview

On Tuesday, February 27, during the Asian session, spot gold shocked slightly up and is currently trading near $ 1874.11 per ounce; A slight pullback after the dollar's rally was blocked gives gold a chance to rebound; however, gold prices are limited, because the Fed chairman will speak in the evening, the market wait-and-see sentiment is thick.

Given the strong U.S. non-farm payrolls and ISM non-manufacturing PMI data on Friday, some analysts believe that Powell is likely to change his dovish stance following last week's Fed resolution, which would provide further gains for the dollar and be detrimental to gold prices.

In addition, the US Treasury Secretary said on Monday that in view of the strength of the U.S. labor market, she expected that the U.S. economy would embark on a path to avoid recession, with a sharp decline in inflation and a strong economy.

Goldman Sachs also lowered the possibility of the U.S. falling into recession within 12 months on Monday. This will weaken the safe-haven demand for gold. The SPDR Gold Trust, the world's largest gold ETF, decreased by 2.32 tons to 917.92 tons on Monday compared with the previous trading day. Gold bulls need to be vigilant.

This trading day will also release U.S. December trade data, a number of BOE officials will also speak; the geopolitical situation in Russia and Ukraine has received a lot of news recently, and investors also need to pay attention to it.

U.S. crude oil rose in shock, hitting a two-day high of US $75.32 per barrel, and is currently trading near US $75.20 per barrel; On the one hand, it was boosted by supply concerns. Previously, a major export terminal in Turkey was closed due to the earthquake, and an oil field in the North Sea was unexpectedly closed; On the other hand, the agency expects that the demand of China, the world's largest importer, will increase in the future.

The International Energy Agency (IEA) expects half of the growth in global oil demand this year to come from China, the agency's chief said on Sunday, adding that aviation fuel demand is surging.

Goldman Sachs Commodity Research said on Monday it raised its China oil demand forecast to 16 million barrels per day in the fourth quarter of 2023 and 16.6 million barrels per day in the fourth quarter of 2024, which was up 400,000 and 700,000 barrels per day from previous estimates.

Goldman Sachs also lowered the possibility of the U.S. falling into recession within 12 months on Monday.

In addition, oil prices rebounded overnight after holding support near the more than one-and-a-half month low; some short selling took profits and some low buying re-entered, which also provided support to oil prices.

The trading day will also usher the EIA monthly short-term energy outlook report and the API weekly crude oil inventory series; a U.S. House panel will hold legislative hearings on energy issues that investors will need to pay attention to.

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 February 7, 2023, Beijing time.

Overall Oscillation Range: 1730-1756-1780-1801-1817-1833-1856-1883-1903-1911-1929-1937-1951-1978-1985

In the subsequent period of spot gold, 1833-1856-1883-1900 can be operated as the bull and bear range; High throw low suction in the range, chase up and kill down outside the range!

Note: The above strategy was updated at 15:00 on February 7. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 21.5-22.3-23.1-23.9

Overall Oscillation Range: 20.6-21.5-22.3-23.1-23.9-24.5-25.3-26.1

In the subsequent period of spot silver, 21.5-22.3-23.1-23.9 can be operated as the bull and bear range. High throw and low suction in the range, chase up and kill down outside the range!

Note: The above strategy was updated at 15:00 on February 7. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 73.1-73.8-75.1-77.9

Overall Oscillation Range:

70.1-71.2-72.3-73.1-73.8-75.1-77.9-79.9-80.7-82.3-83.5-85.3

In the subsequent period of US crude oil, 73.1-73.8-75.1-77.9 can be operated as the bull and bear range. High throw and low suction in the range, chase up and kill down outside the range!

Note: The above strategy was updated at 15:00 on February 7. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 1.0690-1.0755-1.0830-1.0950

Overall Oscillation Range:1.0290-1.0360-1.0460-1.0570-1.0690-1.0755-1.0830-1.0950-1.1157-1.1220-1.1303

In the subsequent period of EURUSD, 1.0690-1.0755-1.0830-1.0950 can be operated as the bull and bear range. High throw and low suction in the range, chase up and kill down outside the range!

Note: The above strategy was updated at 15:00 on February 7. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 1.1920-1.2030-1.2135-1.2250-1.2375

Overall Oscillation Range: 1.1610-1.1830-1.1920-1.2030-1.2135-1.2250-1.2375-1.2400-1.2470-1.2550

In the subsequent period of GBPUSD, 1.1920-1.2030-1.2135-1.2250-1.2375 can be operated as the bull and bear range. High throw and low suction in the range, chase up and kill down outside the range!

Note: The above strategy was updated at 15:00 on February 7. This policy is a daytime policy. Please pay attention to the policy release time.