Mohicans markets：MHM European Market

Market Overview

On Tuesday, February 14, the spot gold rose slightly in the Asian period. The current trading price is US $1858.96/ounce. The US dollar index and US bond yield continued the overnight decline, providing support for the gold price. However, the overall market trading is still cautious before the US January CPI data is released in the evening.

From the perspective of market expectations and the performance of U.S. CPI data in the past several times, if the U.S. CPI data meets or is weaker than the market expectations, the gold price will tend to be volatile and upward in the future. If the CPI data is unexpectedly stronger than the market expectations, the gold price will face certain downside risks in the short term.

In addition, there were many Fed officials speaking in the evening, and investors also need to pay attention. If Fed officials continue to make hawkish speeches, it is expected to depress the trend of gold prices.

US crude oil rose in shock and is currently trading at $79.42/barrel. Although the US government said that it would release more strategic petroleum reserve (SPR) crude oil overnight, the US Energy Information Administration (EIA) said on Monday that the shale oil production of the seven largest shale basins in the US is expected to hit a record high in March, and the oil price fell slightly on Monday.

However, the US stock market rose sharply overnight. The market expects that with the reopening of China, the demand for oil will further increase, while the supply of Russia and the Organization of Petroleum Exporting Countries (OPEC) will decrease or remain unchanged. There is still an opportunity for further shocks and higher oil prices in the future.

This trading day needs to pay attention to the OPEC monthly report and API crude oil inventory series data, the performance of the US CPI data in January and the speech of the Federal Reserve officials, and the relevant news of the geopolitical situation.

The Mohicans Markets strategy is for reference only and not for investment advice. Please read the statement clauses at the end of the text carefully. The following strategy was updated at 15:00 Beijing time on February 14, 2023.

Intraday Oscillation Range: 1833-1856-1883-1900

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 14. 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 14. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 75.1-77.9-78.5-79.9-80.7

Overall Oscillation Range: 70.1-71.2-72.3-73.1-73.8-75.1-77.9-78.5-79.9-80.7-82.3-83.5-85.3

In the subsequent period of US crude oil, 75.1-77.9-78.5-79.9-80.7 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 14. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 1.0570-1.0690-1.0755-1.0830-1.0950

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, 1.0570-1.0690-1.0755-1.0830-1.0950 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 14. 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 14. This policy is a daytime policy. Please pay attention to the policy release time.