 Hi, good morning and welcome to today's products and focus. So what we've seen right across the world's financial markets is a little bit of a Retreat Following some of this indecent gains we saw in the run-up to that really strong known farm perils figure And now the short-term Kind of negativity is coming in which is probably going to be a kind of a retracement down to a specific support level Before they can the market turns itself potentially back around as the strength of the US economy Acts as a net positive across most of their world markets The big issue I guess is the US dollar and the fact that so much debt across the world is End dollars relative to the local currencies and when the stronger dollars means that that that debt pile is just increasing relative to the local currencies as well, so Borrowing money is going to get more expensive And that obviously can have a big impact on future growth as well So there's certainly concerns out there and looking at the the US 30 you are just about again They get across the MACD you at sales signal now or a sigh and the slow stochastic is just about to drop below the 8% level With a horrible bearish and golfing pattern candlestick, but you do have 17 747 being the potential support So that's currently where we sit with the US 30 jumping on to the UK 100 I You can see the support level as upwards trending support level still in play right now Still feels a little bit like a head and shoulders formation any break of this neckline Normally you would take the distance from the top of the neck down to the neck break line And you'd apply that to the break to the break out So if this is a classical head shoulders formation And we do start to see the acceleration of the downside of a break below 6 to 300 You could be looking at around about a level from a purely technical analysis measurement perspective 6200 which also coincide with the 55 period SMA should the downside Momentum continue obviously looking at this just now. You do have a lot of technicals are kind of more so neutral just now Obviously sloping down was quite negative But it's the primary support resistance factors that you want to take into consideration And they're right now We're slap back on the line there depends where you think We're commodities and oils going and right now there might be a bit of a short-term Bounce because of profit-taking I can see already like so the mining stocks are up again this morning But it depends on your view if you think that commodity prices are going to remain under pressure the new UK 100 look potentially Vulnerable so looking at Japan 225 This is more dull a young move and we're actually are quite far off the highs of today's session already You can see it's already trading a lot lower But 20,000 87s and next potential resistance in the middle of two ranges will quite a good distance away from the next potential support back Down at 19104 That's currently where we stand in that market. So then having a look at dollar yen fantastic day on Friday We didn't really follow through with a huge a huge amount There yesterday, but it does give you a bit of an idea of where we stand today So we're currently at 123 30 1 with 124 spot 42 being the next potential resistance It certainly had a fantastic session so far so moving on to crude oil West Texas and Really does give you a bit of an idea about where we are right now. We're in about 44 37 So a little bit away from potential resistance from about 45 85 Still in the bottom end of that oscillation level not a huge amount to talk about with West Texas crude at the moment You do have crude oil inventories tomorrow, which could have an interesting impact So as you can see gold is round about 1080 $9 so about $10 away from the potential resistance at 1098 longer-term potential support is at 1072 I Guess you're also gonna struggle a little bit with gold when you've got potentially a higher industry coming This is very very negative from what we've seen that we had this price here has collapsed and the more macro data comes out the more gold will probably be affected but historically 1072 is such a strategic level for gold because it's one of the lowest points has been for quite some time if we even go Further back if I change this onto a weekly time frame Maybe gives you an idea as to where we are just now and where we could go in the future So we are obviously in the middle of a downtrend on the yellow metal right now and from a weekly chart perspective We do have a technical breakout breaking below if we break below 1072 You had to go back here and look at the tips of these candles So you'd be looking around about 1043 would be the next potential support. You would take the tip of this In fact, I'm gonna add that on there just in case we do get a little bit more negative momentum Coming in the future Here I can go back and put that back a little bit more Effectively later and then you just continue to look along the chart for another specific price point and you know, there isn't another really strong one For quite some time you would even look at these these previous tips of these candles right here That was a previous resistance that was broken So you could have a couple of a couple of levels there that could be significant So just go jump back on to my onto my dailies there for a second I think I can probably just get rid of this this this trend line at some other point And that's currently where we are So we do have a couple of extra levels of potential support run we're in about one at one thousand forty five and then one thousand thirty one But that's where we are with the yellow metal So finishing up with your dollar and GBP USD so your dollars had a slight retracement back up to 10786 push right back down again One zero five one spot zero five twenty four still a longer term potential support Retracement back up to here they're moving back down as pretty standard technical analysis Movement especially you think that one spot zero seven is going to hold having a look at cable. This feels like Just to bet the short sellers are taking a little bit of profit more so than Unbelievable sterling strength like the US dollars is taking a little bit of a breather at the moment having had such a Decent run following on from the FOMC. I just can't really imagine the US dollar strength completely eroding now That the momentum has got a good chance of building back up again. So one spot fifty one eighty five is the potential Broken support now expected to act as resistance If we do get any sort of retracement back up to here This is an important strategic level, but depends on how the macro data comes out of the US That suddenly starts to weaken then okay You do have an argument if the sterling data comes in a lot stronger than expected then then you have an argument But and the failure failure of that I think the overarching theme of higher interest rates in the US are gonna be a major driver of Directional moves in the future. So if you have a look at what I come at data We've actually got coming out today because you've already had some of our Chinese data come out a little bit worse than expected So that's more calls for Chinese stimulus not much else to really talk about for today Wednesday gives you employment claims in the UK Not really that exciting completely honest and in Thursday you do have CPI from Germany You've got industrial production employment data and actually interesting the crude oil emitters aren't coming out on Wednesday As I discussed before but they're apparently coming out there on Thursday instead Usually it's always a Wednesday But there is a there is a period of time where they're coming out in the Thursdays for a short period It'll jump back to Wednesday at some point soon But Thursday seems to have some interesting data releases so I should be things a little bit more exciting So as ever guys keep you behind the chart for them make insights part of your later going forward and join me again Tomorrow to find out what happened next