Mohicans markets：MHM European Market

Market Overview

During the Asian session, the rebound of spot gold was blocked. It had rebounded to around $1842.5 before, and now dropped to around $1836. Although some bargain-hunting and safe-haven buying supported the gold price, recent economic data boosted the bet that the Federal Reserve would further raise interest rates to combat high inflation. The gold price was significantly hit, from the technical perspective, bearish signal was further strengthened, and the short-term gold price still faced further downside risks.

Investors will need to watch for changes in U.S. jobless claims and January PPI data this session.

US crude oil rose in shock and is currently trading at around $79.25/barrel. Considering the data adjustment, the market has ignored the large increase in US crude oil inventory, and the International Energy Agency (IEA) has also raised the demand outlook after OPEC. The technical signal is also slightly biased towards the bulls, and the oil price is expected to hit the resistance near the 100-day average of 81.04 again in the short term.

This trading day needs to pay attention to the changes in the number of US initial jobless claims change and the performance of the US PPI data in January. In addition, we also need to pay attention to the speeches made by the officials of the Federal Reserve, the European Central Bank and the related 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 16, 2023.

Intraday Oscillation Range: 1817-1833-1856-1883

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, 

1817-1833-1856-1883 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 16. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 20.9-21.5-22.3-23.1

Overall Oscillation Range: 20.9-21.5-22.3-23.1-23.9-24.5-25.3-26.1

In the subsequent period of spot silver, 20.9-21.5-22.3-23.1 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 16. 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 16. 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 16. 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 16. This policy is a daytime policy. Please pay attention to the policy release time.