Mai hui MHmarkets: June 16, 2023-MHM European Perspective

Market Overview

On Friday, June 16, spot gold edged up during the Asian session and is currently trading around $1958.05. Spot gold fell to $1,924.75 on Thursday, then recovered and finally closed up 0.83% at $1,957.81 per ounce.

U.S. crude oil traded near $70.50 per barrel; oil prices climbed nearly 3% to a one-week high on Thursday. Optimistic expectations for second-half demand were boosted by a weaker dollar and a jump in refinery processing in China, which was the largest crude importer.

The focus during the day will be on USD Michigan Consumer Sentiment Prel (JUN) and speeches by Federal Reserve officials.

MHMarkets 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 June 16, Beijing time.

Intraday Oscillation Range:   1929-1937-1951-1978-1985-1998-2007

Overall Oscillation Range:   1730-1756-1780-1801-1817-1833-1856-1873-1889-1903-1911-1929-1937-1951-1978-1985-1998-2007-2016-2033-2046-2057-2066-2077-2089-2097-2100

In   the subsequent period of spot gold, 1929-1937-1951-1978-1985-1998-2007 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 June 16. This policy is a daytime policy.   Please pay attention to the policy release time.

Intraday Oscillation   Range: 22.3-23.1-23.9-24.5-25.3

Overall Oscillation   Range: 19.7-20.1-20.6-21.5-22.3-23.1-23.9-24.5-25.3-26.1-26.6-27.3

In   the subsequent period of spot silver, 22.3-23.1-23.9-24.5-25.3 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 June 16. This policy is a daytime   policy. Please pay attention to the policy release time.

Intraday   Oscillation Range: 67.3-68.9-70.1-71.2-72.3-73.1-73.8-75.1

Overall   Oscillation Range:   62.1-63.7-64.5-65.8-66.9-67.3-68.9-70.1-71.2-72.3-73.1-73.8-75.1-77.9-78.5-79.9-80.7-82.3-83.5-85.3-87.3-89.1In   the subsequent period of Crude Oil, 67.3-68.9-70.1-71.2-72.3-73.1-73.8-75.1   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 June 16. This policy is a daytime   policy. Please pay attention to the policy release time.

Intraday Oscillation Range:   1.0755-1.0830-1.0950-1.1157-1.1220

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, 1.0755-1.0830-1.0950-1.1157-1.1220 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 June 16. This policy is a daytime policy.   Please pay attention to the policy release time.

Intraday Oscillation Range:   1.25000-1.27000-1.28200-1.29300-1.30000

Overall Oscillation Range: 1.1610-1.1830-1.1920-1.2030-1.2135-1.2250-1.2375-1.2400-1.2470-1.25000-1.27000-1.28200-1.29300-1.30000-1.30600

In   the subsequent period of GBPUSD, 1.25000-1.27000-1.28200-1.29300-1.30000 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 June 16. This policy is a daytime   policy. Please pay attention to the policy release time.