 Hi, good morning, and welcome to today's products and focus you started there just managed to finish in positive territory yesterday Again a little bit flat there today didn't hit the highs of last Friday Incidentally, so looks that we might be having a little bit of drift down towards the next potential support at 17 7 3 8 and To be fair it has kind of gone up for I'm just gonna say maybe about 15 to 18 sessions I only gone down three And that includes the fact that there is a lot of pressure building up here on the US 30 It probably could do with having a little bit of a sell-off Just to take some of that pressure out because otherwise we're just gonna have a real slow grind to the upside so We didn't have an all-time high there on Friday. We have an all-time high finished yesterday And we're not really getting a huge amount of fall through this morning based on these candles right here So if we did get a little bit of drift 17 7 3 8 would be an interesting area to look at So looking at the UK market looks to be that resistance has held there at 67 71 doji formation on the candles a Little bit of a drift down this morning. We are in the middle of two ranges So 67 71 has potential resistance and 66 86 as potential support technicals are overbought So looking at the Japan 2 2 5 still bouncing around this potential resistance at 17 4 9 6 However, we are having a consolidated move along this area And I suspect we may get a technical breakout at some point As we continue just to kind of have these legs these candles tick up that little bit higher So breaking close above 17 4 9 6 would be a springboard for an X potential move to 18 306 Depending on what dollar yen does next of course looking at dollar yen Still floated bouncing around this one 18 level We are quite a good bit away from from 124 spot 2042. Sorry, which is next potential resistance We've talked a lot of times between 120 and 124 being a bit of a danger zone for the Japanese government That happens too quickly So if we get a long area of sideways moving action on dollar yen that will Kind of decrease the likelihood of the Japanese government feeling they need to do anything special around about here Which means we could still get to 124 42 over the longer term. I think that's what they want Anyway, you just don't want to get there too quickly We are almost getting crossover in the Mac the RSI and slow to cast that they are certainly Overbought not yet given the signal to sell But we are a fair distance away from the next potential support, which is we're all the way down at 114 spot 74 So for those of you who are not currently looking at dollar yen It's kind of hard to get involved this level because we are simply in the middle of two ranges as well So moving on to with Texas crude it also reversed course again last night looking very unlikely little pek We're actually gonna go ahead and be able to cut production none of them will lose revenue None of them want to lose market share and Russia's kind of falling the on the ropes there a little bit And we are looking at another retest of 75 dollars longer-term potential support Still remains at 70 spot 41 and the fact that we had this Chinese rate cut We should have been a massive shot in the arm for West Texas crude It's failed to materialize which just leads me to believe that the downwards pressure will continue on Perhaps on a baited it so looking at gold next Gold still train between two ranges 1186 1218 But training between two moving averages here as well Technicals are neutral. There's probably one of the least exciting products that I'm currently looking at Moving on to your dollar Your dollar the matter to bounce of one twenty three sixty seven Fields are just a little bit of a short squeeze there incidentally I wouldn't be that surprised if we continue to see a little bit of downwards action there though the Recent IFO data from Germany was okay, and the latest US data was a little bit soft to be honest We'll start to wait to see what macro data is coming out. We do have US GDP due later on today, which could act as a catalyst, but We did have a good session yesterday We did close at the top end of that range, but we've not fall through again there today So I drift back down to twenty three sixty seven could be on the cards of US GDP Doesn't disappoint. I'm finishing up with cable cable has a Trying to retrace back to 157 43 as move back to down to downside again We are definitely seeing a consolidation round about this potential resistance The question is for traders out there is this going to be a resistance level capping any gains on cable pushing it back down to 15424 which a lot of commentators have highlighted Are we gonna be able to get our head above there and we challenge one spot? 5900 that seems a little bit more of a long shot But all depends on the current US fundamentals and obviously that GDP figure will impact cable later on today as well So looking at the economic data We obviously mentioned GDP and the US That's due at 130 UK time. If you've not already set your alarms for that make sure you do Recurring alerts here work quite well. So you just have to set it up once and it'll always come back through and We do have some see CCI data due out later on today as well That's at 3 p.m UK time so two bits of decent US data to help Help drive the markets in one direction and fast forward on to Wednesday We've got UK GDP. So if you're a cable trader again, that could be quite interesting but then we've got US durable goods and You've got unemployment claims For that Wednesday as well not to mention Pending sales for housing as well. So if you're looking at the at the Dow the SPX 500 your dollar cable dollar yen There is a fair amount of US macro data to add a little bit of volatility in the markets Keep your eye on the chart form as ever make insights popular and join me again tomorrow to find out why perks