— Financial Market Analysis —
Home » Financial Market Analysis » Commitment of Traders Report, September 22, 2022: Intensive resistance suppresses gold’s rebound space, bulls bet on crude oil’s limited downside energy
a
Newsletter

Commitment of Traders Report, September 22, 2022: Intensive resistance suppresses gold’s rebound space, bulls bet on crude oil’s limited downside energy

Commitment of Traders Report, September 22, 2022

Gold COT Report

At present, the market is betting on the next interest rate hike by 75 basis points is relatively high, which will suppress the rebound space of gold. Although the overall options are mainly call options to increase positions and put options to reduce positions, suggesting that there may be funds to start betting on the rebound, but the rebound resistance is intensive, and it is not ruled out that most positions are mainly hedging. Be cautious of short-term increases in options long positions.

Above the current price, the 1678 call options increased by 417 lots, and the put options also left here, suggesting that the resistance at this position has been greatly weakened. Once broken, the top 1693 will become a key resistance, where short-term call options will increase significantly. If the price does not stand firm at 1678, it is still necessary to pay attention to the risk of falling into a shock, and the 1663 put option part leaves the market, suggesting that the low-level bears are not willing to bet on further downside. The main bet range of the bears is concentrated below 1653, below or will look at the bearish target of 1633.

Silver COT Report

At present, silver is still suppressed by the daily trend line. Yesterday, the overall bet on options was concentrated in the range of 19.45-19.6. 19.45-19.5 became the first resistance for short-term rebound, where short-term performance is more important. Stabilization is expected to look towards 19.75. Long bets are mainly concentrated on the 20 mark. This strong resistance has been tested by the sharp fluctuations in the early morning meeting, and it is more important during the day.

If silver continues to be suppressed by 19.5, there will be support at 19.25 and 19 below the short-term, among which the 19 mark support is more critical, and the break may test the early rebound long cost area of 18.3-185.

Crude Oil COT Report

Crude oil continued to fluctuate. After hitting the resistance of 86 yesterday, it fell back to trading around 82. Judging from the changes in options, longs and shorts are still increasing their positions near the current price, but the bulls’ sentiment is obviously more positive, and they are making large-scale bets in the resistance range around 90. The oil market is still dominated by supply and demand, although EIA data shows demand has slowed, but the downward movement of oil prices is limited for now.

In the short term, we still pay attention to the resistance at 85 and 86, and the oil price may go out of the obvious rise after the formation of an effective breakthrough. The following is concerned about the support near 82.5-83. There are a lot of put option bets, which also constitute a short target. If it breaks down, it will see the key level of 78.

Related Articles

International News – Sep 27th, 2022

09/27/2022

The U.S. House of Representatives introduced a bill that would allow the...

Bank of England Still to Decide If It Will Comment on Pound

09/26/2022

Bank of England Still to Decide If It Will Comment on Pound...

Hedge Fund Manager Says Fraud Conviction Should Be Tossed

09/26/2022

Hedge Fund Manager Says Fraud Conviction Should Be Tossed (Bloomberg) — A...

Asia Faces Continued Pressure on Riskier Assets: Markets Wrap

09/26/2022

Asia Faces Continued Pressure on Riskier Assets: Markets Wrap In this article:...

‘Don’t Worry Darling’ Tops Cinemas After Flurry of Bad Press

09/26/2022

‘Don’t Worry Darling’ Tops Cinemas After Flurry of Bad Press In this...

Hedge Funds Piled On Bullish Pound Bets Just Before Crash

09/26/2022

Hedge Funds Piled On Bullish Pound Bets Just Before Crash Hedge Funds...