Mohicans markets：MHM European Market

Market Overview

On Thursday (March 16), during the Asian session, the spot gold fluctuated and was currently trading at around 1918.34 US dollars/ounce. Although the Swiss regulatory authority promised to provide liquidity assistance to Credit Suisse, the risk aversion sentiment lingered. Moreover, the market's expectation of a 50 basis point interest rate increase by the European Central Bank in the evening has dropped to 25 basis points, even maintaining the current interest rate unchanged; The market's expectation that the Federal Reserve will keep the interest rate unchanged next week has also increased, which helped gold prices move up in a volatile afternoon.

Petronas was trading around US $68.53 per barrel; The oil price fell more than 4% on Wednesday, hitting the lowest level in more than a year to 65.67 US dollars/barrel; The anxiety over Credit Suisse has spooked global markets, overshadowing hopes of a recovery in Chinese oil demand; And the IEA monthly report shows that the oil market is facing oversupply.

This trading day needs to pay attention to the European Central Bank's interest rate resolution, the relevant news of the banking crisis in Europe and the United States, the changes in the number of initial jobless claims in the United States and the import price index.

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 March 16, 2023.   

Intraday Oscillation Range: 1873-1889-1903-1911-1929-1937

Overall Oscillation Range: 1730-1756-1780-1801-1817-1833-1856-1873-1889-1903-1911-1929-1937-1951-1978-1985

In the subsequent period of spot gold, 1873-1889-1903-1911-1929-1937 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 March 16. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 20.1-20.6-21.5-22.3

Overall Oscillation Range: 19.7-20.1-20.6-21.5-22.3-23.1-23.9-24.5-25.3-26.1

In the subsequent period of spot silver, 20.1-20.6-21.5-22.3 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 March 16. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range:64.5-65.8-66.9-67.3-68.9-70.1-71.2

Overall Oscillation Range: 62.1-63.7-64.5-65.8-66.9-67.3-68.9-70.1-71.2-72.3-73.1-73.8-75.1-77.9-78.5-79.9-80.7-82.3-83.5-85.3

In the subsequent period of US crude oil, 64.5-65.8-66.9-67.3-68.9-70.1-71.2 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 March 16. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 1.0460-1.0570-1.0690-1.0755

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, 1.0460-1.0570-1.0690-1.0755 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 March 16. This policy is a daytime policy. Please pay attention to the policy release time.

Intraday Oscillation Range: 1.1830-1.1920-1.2030-1.2135

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, 1.1830-1.1920-1.2030-1.2135 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 March 16. This policy is a daytime policy. Please pay attention to the policy release time.