 Hello and welcome to the CMC markets Monday market webinar update with myself David Madden here at CMC markets Today's date is Monday the 12th of March 2018 and the time has just gone 12 15 GMT quarter past 12 p.m. UK time As always with the webinars, what I'm going to do is leave the risk warnings slides up on screen for you guys to have a quick Read through it's fairly straightforward in essentially states anything that is covered in today's webinar It's merely my own post comments views and opinions. It isn't it should not be taken as explicit trading or investment advice Those views who are likely listening into our webinar or watch the replay video You will you know that this is that this is a very much common practice here at CMC markets So while you're clever to click read through what's going on on the screen or fun view in relation to the risk risk Warnings slides. I'll just go to talk talk about what's going on in the financial markets over the last few days And the short answer is not a whole lot. It's been a relatively quiet Started the trading week positive finish that we had and in the US on Friday was replicated by a positive finish last night overnight in Asia And we're seeing and we're seeing the mood of optimism continuing here in Europe Granted it isn't as bullish as it is say in the United States, but it is it is doing fairly well. It's holding up The financial markets for the time being at least have seemed to shrugged off The news that the mr. Trump is pressing ahead with his tariffs on steel and aluminium Granted with the exception of countries such as such as Canada and Mexico and also Australia And also those tariffs don't actually come into play For another 10 days or so. So it's possibility the financial markets may wait to react until then But with the time being things look quite things that are things are looking to be kind of carrying on business as usual This could also be a case of The financial markets initially had the had a excessive reaction to the news of the tariffs And then as you found out Mexico Canada and Australia were exempt and the word Opposed just yet. So maybe it's a case of the financial markets Kind of reacted and priced in the bad news initially before we actually had and then it turns out it was a slightly watered down Approach to the protectionist policies that has been down the route of also we haven't really had a full-on and equal reply from say the European Union or China or what I think in terms of reciprocal tariff sizes, so There's a possibility if we see a reaction from say Europe or the European Union from the European Union or say perhaps China We could be heading down the roof then of a trade war And that is something that was is likely to push away on US US stock markets and global stock markets and also the US daughter Looking back at last week's gone from payroll figures It was it was typically non-farm payrolls in that the market reacted to the headlight number But the devil's in the detail with non-farm payrolls and actually the remainder of their port was good It was good, but it wasn't amazing. It wasn't as it wasn't as impressive as the headlight number Wage growth was good, but a cool and also a basic expectations That is an area which Which was traders kind of are now kind of second thinking are they gonna be for rate hikes and the Federal Reserve this year because the number that really set set the set the cat amongst the pigeons and about say about five weeks ago four and a half weeks ago was it was the Impressive jump in average earnings in the United States. Now earnings are set above average But they're now growing at a slower pace and also they did miss expectations. So Traders are now kind of questioning are they gonna be for rate hikes in 2018 or perhaps it was the original three that we kind depends on then that's what we could be looking at So there's sort of sort of the the main events if you're looking at What I'll talk about now is the main events of the week ahead of us For those of you who have an account with us and you go on our platform Under the news and analysis section is where you can find the majority but not all of the updates that we do They're going under news analysis To this section here and then scrolling across to Friday's one because it would be put up on Friday Friday afternoon the week ahead this gets done on a weekly basis. There's actually in it and embedded video that goes along with it, which is done as well but I just run through here the highlights of the both the Economic and corporate events of the week ahead of us. So On tomorrow, we have fourth quarter figures out from Dick Springs. Dick's big big sporting goods in the United States Sporting is coming out tomorrow On Tuesday fourth quarter numbers on Wednesday. We have industrial production and retail sales figures coming out of China Keep mind. We had some pretty impressive Chinese exports recently and if and this is possibly an argument behind Donald Trump's trade war were by that they the playing field of the trading agreements aren't level between the United States and China and We have a scenario whereby Chinese imports last month would work very high with Chinese exports were enormous So miss it someone like Mr. Trump is looking at this and saying, you know what? We got to alter this because change the arrangement You got to change the relationship here because China is benefiting and sending a lot out to the West Breakthrough of the US, but it isn't necessarily buying much from the US as much from the West so you can see why Mr. Trump would like to actually Change the trade relationship between the two countries So keep an eye on the Chinese figures that are coming out on Wednesday If you trade the Australian dollar or any of the mining companies or high-grade copper you keep an eye out What's going on in China? On Wednesday, we want to retail sales coming out of America That'll also be good one to watch a good barometer of how Potentially hawkish or dovish the Federal Reserve are going to be because Americans you got and earn more money as you saw wage increases or other rights in the United States But I think I'm actually spending it. That's going to be the real driving factor Hope whether the Federal Reserve actually looked good if once again last year we three red hikes Are we gonna get three more this year or we're gonna get four red hikes That's something something that traders will be keeping me up for on Wednesday. We have fun your figures coming out for Morrison supermarket and on Wednesday We also have for your numbers coming off and bought for bt and about for bt is one of those construction and outsourced companies and One of the service providers. It does a lot of government contracts But for bt is what Karoline could have been if it actually took it's the top medicine And we're down the route but for bt like how Karoline in a few years ago overstretched themselves Spend themselves to thin took on too many contracts They didn't have a high enough high enough profit margin just to get the contract But you put in a competitive bid to get it and then which were a series of profit warnings and then after that virtually Things were looking quite were looking quite bad for for both of it a number of years ago But actually This is something but it extends every structuring and I've not been I've not been bounced back On the topic as well. We have for your figures coming off a mid to serve another company In the similar sector A company that does a lot of government contracts and get outsourced to work and certain various different service contracts They've been in the news recently for Well over the last few months for the wrong reasons they've had a couple about a couple of profit work Have you had a few profit warnings? We did see the share price bounce back last week at the back in the last week though on the on the news that a company called emerald investment a Scottish crowd are looking at acquiring All their debt on the secondary market and there was a report on the papers stating that that emerald investment are actually looking to kind of You know to get a guarantee or potentially back the financing of interest or as a keep an eye out for the industry Figures which are coming out on Friday What I'm going to do now is I'm going to run through The major major markets what popular markets talk about the price action I'm seeing on the screen and there is that we could potentially see some You could see the market potentially move to If there any markets, I'm going to cover in major indices major commodities major currency pairs If there are any markets that haven't covered that you want me to cover feel free to type in the chat box Where you were you were you the same area you got back to me saying that yes You could hear me loud and clear feel free to type in suggestions of markets That you want me to cover so I'm starting off now with the footsie with hundred and So I can see here on the footsie with hundred the last two sessions After the mega setup that we saw in a late January early February the market was was was bouncing back the it appeared that the bounce back to The push higher run out at a bit of steam and now we're pushing higher again So not only are we pushing higher roles is in a steady increase in the late in positive momentum This is the the MACD indicator the MACD histogram measures momentum So while the market's pushing higher, it's been confirmed by the increase in positive momentum So we can see that momentum is with the fires with the bulls The markets pushing higher if they continue to push higher We could be looking at testing this region here a late January the late February high of seven thousand three hundred and forty And if you go north of that we could be looking at retesting the seven thousand four hundred level But if you do manage to manage to turn over on itself again We could be looking if I need support in around the seven thousand and sixty one and a break below seven thousand sixty one could pave the way for a fallback to and a retesting of the This price here from the out of ours low on Thursday the eighth of February which comes to play at six thousand nine hundred and nineteen I take a look now what's going on over in Germany It's a for the European markets The the shape of the chart looks relatively similar and same with the same with that in America where similar deal In Germany will buy we've had to sell off. We've had a bounce back It's given up a lot I gave up a lot of its growth against here and things were looking fairly negative for the DAX But it has managed to get a bounce back again We really would need to see the twelve thousand six hundred area the late February high being cleared before we before we become more confident that this Full correction is underway because we've had a full correction See on the nasaq 100 for example, but yet the European markets are very much falling some language in behind So if you do take out twelve thousand six hundred we could see a target twelve thousand seven hundred and forty one And if you go north of there, we could be looking at heading up towards the thirteen thousand level If the market does manage to kind of that runs out of steam and turns over on set up again We may find some support in round the kind of twelve thousand area or perhaps even down at the at the 2018 lows of the left fair be lows of eleven thousand six hundred and ninety-two it did this at this level here So taking a look now what's going on with the Dow Jones as you can see here Bit bit of a healthier looking chart here in that the markets had a fairly decent recovery It's it's pulled back and repeat and it's pushing higher here yet again So once again back above the 15 moving average the market's aging higher We can see that momentum has turned positive the last couple sessions and it's increasing So the so the momentum is with the buyers first out keep an eye out for to the upside for the late February high at 25,000 821 if you go north of that kind of psychological psychological number of 26,000 will be the next one to watch out for And the decisive break north of 26,000 could look at the end Setting us back up towards this area here at the the early February high of 26,000 307 If the market does manage to kind of run out of steam and put in drift lower again You may find some support in around 25,000 area or perhaps even down at the early March low of 24,213 But I think this area here it could be an area whereby if this is taken out of the downside It could be a sign that at the market is once again losing confidence Or it could be like you heading back down towards the at February low of 23,000 138 Just take a look now. I was gone what's going on with the S&P 500 As you can see the the price action of both the Dow Jones and the S&P 500 I've been fairly similar just like price action of the first 200 and the NASDAQ I'm sorry the first 200 and the DAX I've been similar as well So but the key difference on the S&P 500, which it has over the DAX is that the S&P 500 has actually managed to take out the Recent February highs are actually we're talking at levels now not seen since early February on the on the S&P 500 The markets can be one that's going to sell pathetic profits either by the more market recovers The more likely it is to make to make a full recovery. So We've a we the market pushed higher here got up got up towards the 2800 mark as the market was pushing higher here last few sessions a steady and notable increase in positive momentum So the the momentum confirms the upper move that the momentum is with the bulls the markets pushing higher here and if you do manage to take out 2800 again, we could be looking heading heading up to then towards 2800 and say 38 and then if we go beyond that we could be looking at retesting the all-time highs of 2877 Any pullbacks that we do that we could see may find some support on the fifth the moving average at 27,000 47 or perhaps even down at this level here 22,000 7 sorry 2720 or even 2700 itself It's only if you see a break south of this area here at 2647 then could you be worried and looking at potentially back down towards 2600 or maybe even low 2532 but given that market has recovered If you look at the amount of recovery from the highs here The lows here we can clearly see that we covered some in the region around 70 75% of the of the downward move from the all-time high So the more a market has recovered the more likely it is to make a full recovery I'll show you know, that's gonna be NASDAQ 400 and now that I should manage to actually Not only make a full recovery, but I should go on to print fresh record highs so As you can see here this potentially could be the blueprint for other markets or by the market pushes higher makes a recovery has it as the I'll pull that book goes on to actually create hit Goes on to retest the recent all-time highs and hit fresh new highs from there So the last few sessions throughout mark You can see a clear and steady increase in the price here and also it's been confirmed by the increase in positive momentum Market's pushing higher here. We're currently trading at 71 20 25 or so on the NASDAQ 100 So as market would be to need to push on from here We could be a looking at targeting 7,200 and it kind of moves it down side We could find some support coming to play in around the seven seven thousand number itself And it's only if you have it say a size I feel it's only if you say if you say move south to say six thousand eight hundred Then you might want to get worried and we could be looking heading back down towards 6,643 As I mentioned another go through some commodities now and then some currencies and there any markets that you want me to cover feel free To type in the chat box and I will be happily give those a look So take a look at the price action of a truck basically throughout say 20 say January onwards we can see that The price of gold Has been broadly edging lower. You see some kind of wide swings of broadly speaking We have seen market move lower, you know And the definition of a downward trend is lower lows and lower highs and that's precisely what we saw here in gold in the last few weeks So after aiding 2018 high and a high for nuts a level not seen over a year What's the goal do pushes pushes lower here put bounces back? Creates a lower high because this high did not take off this high Pushes lower again takes off the recent note. That's a new lower low created Market bounce market has bounced back and lo and behold this high here hasn't taken off the reason right here And it's certainly got no near this high. So this could be another lower high Potentially and so we could be looking at retesting the recent lows of three of 13 or two And if you go south of that, you know, we're basically on 1300 and if you go south of 1300 you could be looking heading back down towards the turning moving average at 1289 Those at the upside may first may run into resistance at the 50 moving average at 1330 But it's only if you see a move north of The most recent high at 1340 Uh, it's only if you see a break north of 1340 because then we wish you get started start to um feel We could actually be looking at retesting say 1350 or 1366 Heading up toward these areas here while the market, uh, is south of say 1340. It's likely it's it's likely that that market is going to continue to push lower It's like I can say because you know, we we we haven't created any any higher highs in a while for goals So if you don't we don't take our 1340 it's likely the market is going to drift lower But if you do manage to take off to a 1340 we could be looking heading towards 1350 or then of course The February high of 1360 will come into play and then beyond that it'll be the january high of 1366 And if you take our 1366 the next ever to keep a lineup for will be 1375 On a level not seen since july of 2016 U.s. Coco. Yeah, I'll have a look at that for a second. Let's go to the oil markets very quickly coca So the big picture on Brent oil and a similar of wti is that first year about about seven months The market's been in a solid upward trend here We saw go on to hit multi-year highs in january of this year the market has since then come off a bit We have seen we've seen the move lower here And I opinion we could be at potentially a bit of a turning point possibly for the energy market The market at a fairly decent correct and a sizable correction But after you know a long period of say after a period of a set month rally And the market has pushed higher here now you've drift lower here and we seem to be in a bit of a consolidation range here Now I'm wondering Is this it is this just a decent correction of a set much rally? And what we're going to see is a higher high higher low and then potentially read a move higher again retesting 71 region and going on higher from there Or is this the beginning of a of a downward trend is this beginning of is this potentially the first lower low Is this the lower high and and could be looking at another lower low. So I think with the energy market Given that it's rallied for seven seven seven months Is that a decent one for seven months or even multi-year high? It's probably more likely that the market's taking a bit of a breather here and we could be looking at retesting The the late february high of 6793 and then potentially add towards 771 after that But bearing in mind if you do take out this low here I think a lot of traders would be keeping in mind and this price here here Obviously in the 62 region the mid The the the lower february that was created in the middle of the month if you take out that level That'll be then the creation of a second lower low And that could be a signal that we're actually for a bit of a A bit more of a decline in the energy market and if you go start to 72 We could be looking at taking it back towards six 61 24 are perhaps even down as low as 60 dollars in power itself But obviously moved to the upside it could be likely heading up towards 70 dollars um, the recent high with 71 38 and moving over to that A good fine resistance at 72 74 It's a fairly similar looking chart on wti, but I'll have a look at that now Yeah, I'll be coming on to euro starting that that's one of the one of the popular currency pairs mr. Mr. Conroy So I've been looking at that when I do my uh do my piece on commodity pairs As you can see with wti, it's a fairly similar looking chart the big picture of the last seven or eight months has been Class example of an upward trend higher highs and higher lows once again if we can hold north of this area here of the The february low of 5810 They can hold north of this area here We it's like you that we could see a retesting of the recent I reached the late february high of 64 30 and then beyond that head up towards 64 Sorry 66 67 someone a support But if you do manage to take out The uh the february low of 5810 that could be that that that would then be a second lower low in in the In a few months and that could be an indication Are heading back down towards this potentially this area here at 50 55 72 are down even though as 54 76 Once again moves to the upside Given that it's Such a wider positive trend. It's more likely that we're going to continue that positive trend than they think if you turn over But like I said keep an eye out for the february low I'll take a look uh at that commodity now Just to Clarify mr. Smith in relation to is which precise contract is this because you mentioned in in the message us what i'm seeing here on the screen is cash Sure, no worries. Yep. That's that's what I figured because it's all done in alphabetical order. So I figured I was that one yet Now to be honest with you. This isn't is in America. I don't really have I don't spend much time looking at To be perfectly honest, but I certainly will give you my opinion in a minute Okay, obviously this is this kind of this isn't is America that I look at very regularly So let's do a bit of a longer data analysis that I know we do As you can see here after massive surge here quite a successive run several years From say 2011 this is a massive bull run here higher highs higher lows all the way along Multi-year high created here in 2016 quite an aggressive sell-off on the back of that These in these sort of scenarios you're always kind of wondering is this is a snapback or is the market got turned over on itself again and turned lower because or is this the point where The market is actually going to be pushing higher and we're looking looking at actually recovering the ground that we've lost What I will say is this is that it's What adds weight to the argument that the market is turning around Is the fact that it's actually quite distinctively smashed above these highs here You see the market here take up this high here this high here this high here even all signs all They don't that all kind of adds weight to the argument that the market The market is is correcting itself and the market is pushing higher and this upward move could be sustained It's also but also Is encouraging to see as well as how as the market was pushing higher here There's dead increase in positive momentum. So The momentum is clearly with the buyers It's when you see a market pushing higher and momentum isn't pushing higher and then it's going the opposite direction That's when you can get a work. That's when you can get a bit nervous Pardon me that pardon me thinks that the market has made a fairly has gained so much ground here as such a violent or Aggressive snapback We might see the market pull back to say somewhere in around here potential with these highs coming to play in around the 16 52 area we could see the market just give just just give up some of these gains Or potentially down towards 1600 before potentially moving higher just because a move like this is so aggressive And it's it was on such a short space of time It's often difficult for marketers to sustain that momentum even if it does have a you know Even if the wider positive move does continue It's often difficult for this kind to go go up in a To go up in a 60 degree line. That's quite difficult for marketers to do So you may you may see if I have a pullback Penetrate down as low as 1600 or maybe even down towards the 50 week moving average here at 15 31 No, so it acted as a Support here only a few weeks ago and then if you do continue to push higher from here I think key area to keep an eye on will be this price this this block here Probably the top end of that range would be 18 18 87 Just because there's not a consolidation in around here And of course what we see now is the market is running into resistance in around there So if we do take out 18 this this area here, we could be looking at it towards 1900 And then of course 2000 will be a big area to keep an eye out for I hope that answers your questions, Mr. Smith So yeah, the only thing we could see is a bit of a snapback before another push higher again, but To be even extra if you are if you are the kind of if you wanted to get real confirmation that that that the That this downward that this downward trend is coming to an end and the market is potentially going to full correction If I move north of say 2000 would then kind of signify that right Oh, and I'll do a couple of do a few currency pairs Oh, yep. No worries. I there we go It's yeah, it's always good to just you know, obviously form your own book use first and foremost But it's always good to get some message because they may they may clock something that you haven't seen or haven't thought of but We're clear. We're clearly on the same page then Right now I'll have a quick rundown of a few currency pairs the big ones Starting off with euro dollar um So there's been that there's been such a wider upward move in the in the euro versus the us dollar That was just kind of suggested me that the wider positive move is going to continue But at the same time, I'm probably aware that we've seen a few incidents of kind of the market has been edging a bit lower here Brandon, we did put a new higher high here The market created a higher low Sorry, a lower low and now we're kind of we're kind of drifting it on this area It seems to the market seems to be a bit indecisive, but While we remain north of the of say the 122 area or this low here At 121 54, I suspect the wider upward move is going to continue And then obviously if you take out this immediate level to keep on that for the upside will be 124 46 the recent high If you go north of that, you could be looking ahead enough towards 125 and then potentially up towards the recent high of 125 and 55 But and it moves and it moves south of this this this area here could bring us back to bring us back down towards the 120 92 or even down to the psychology important 120 level itself Taking a look now at the pound versus the us dollar and I'll be coming on to euro starting after this chart Once again a lot of after quite a decent run for for for many many months Um, we've seen a bit of consolidation in around here But the big picture is to draw a low trend line between the lows of march last year and the lows of august granted I'm afraid we traded below a few occasions It's so very much north of that upward upward trend line So while we remain north of this trend line here the outlook for pound sterling Uh, it's likely to remain positive grand as we are seeing we are seeing a bit of a downward trend obviously coming in effect here Lower low lower high lower low lower high But the wider picture of it being north of the other's trend line Is the positive so given that we're seeing quite small ranges assessment at the market is a bit kind of indecisive, but I suspect the the wider upward trend could continue while we remain north of this trend line So if you do manage to push on higher from here to get us back in the kind of snap out of this kind of shorter term or near term Downward trend we need to take out say the 140 area if you go north of 140 We'll be looking towards the mid-february high of 140 150 Move to the downside keep keep an eye out for The the march low of 130 112 and if you go south of that you may find you may find some support In around where the trend line comes into play Which should be somewhere in the region of of around about 130 610 or 136 the figure itself But it's only if you break that trend line because then we get a bit more worried that And we could be looking at any back down towards the 134 135 134 region Take a look now at euro sterling euro sterling it continues to be Market which hasn't had a major amount of volatility for quite a while It was sort of range bound between say zero spot 89 29 to the top and zero spot 86 89 to the bottom end and Only only last week when I should break north of that I thought fund register scenes in the direction that in this currency pair I wanted to know the market actually managed to get back below that that level again It does appear to be You there's an argument to be made since the end of january or to say the past about Six or 68 weeks the market is in an upward trend You could say that the market is creating higher highs and higher lows If you do manage to continue to push on higher from here The first day to keep an eye out for to the upside workhorse been a recent high of zero spot 89 67 And if you go north of that, we've been looking towards zero spot 90 And then but actually north of that we could be looking at heading in this price area here of zero spot 1949 Move to the downside may find some support in on zero spot 88 area And if you take out the the end of the late february low Of uh of zero spot 87 87 71 We could be looking ahead and down to the bottom end of the range at zero spot 86 89 And if you go south of there, which we haven't done in a while because this this this will be potentially Be a significant area because of the tests and the complications if you go south of zero spot 86 89 We could be looking heading back down towards 86 the figure Now the last mark I'm going to have a look at is going to be the u.s. dollar versus the japanese yen And then I'll show you a few things on our training platform And then we'll have to wrap things up So as you can see here From broadly speaking from november onwards, uh the dollar yen has been a fairly Obvious downward trend. So, you know, this this was the original lower low mark pushed higher here created a lower high Shared the small range for a few weeks and then of course you've seen the lower low lower high lower low lower high lower low That's the staple of a downward trend. We are seeing the market in the near term market pushing up higher again Um, we have seen the market grind up higher here And that's being confirmed by the positive increase in positive momentum, which could just mean the market is just going to We are seeing some earth and nothing or seeing some short short covering come into play Other markets edging up higher the wider picture is still to the downside But if the market in the near term is edging higher You're really why you couldn't even be tested? 108 while probably we remain south of 108. I think that the wider downward trend is going could remain in place So we could head up towards 108 before potentially turning over on itself and head down towards one of 107 106 and then testing the recent lows here Of uh Of 105 25 and then if you go south of that or obviously within a fairly close distance of 105 the figure itself If you move north of 108 No, to keep another four potentials to the upside will be 108 109 78 And if you go north of that, we could be looking any up towards 110 84 I've just been asked a question here This I was uh, I'm just reading a question here. Um by one old by joshua In relation to, um, uh, Joshua your observation that there's a kind of in relationship between so that the 1400 of the uk 100 and the cable but since but since february it's been marrying the dow jones the us 30 I suspect that because the majors because the the global stock market sell-off that happened in say in february Was led by the americans began in the united states as I mentioned atop of this podcast atop of this webinar About how the strong wage growth data in the united states in two non-farm payrolls ago God traders got considered concerned we could see four rate hikes in 2018 rather than three which there were kind of penciling in So I suspect because the sell-off originated in in america Traders were then waiting for america to turn around or as effectively continued to continue to lead the way America began to set off through the world and the rest of the world followed America is correcting itself and now the rest of the world is falling again That's my take on that's my take on that's my take on the events of why why say for example, you know The moves and the the the moves notice how the charts on the of the The dow jones sp 500 and the nasdaq were all looked fairly similar and then over in europe that the the movements on the foot of the hundred and also on the And then the german market the tax they looked fairly similar as well. So I just think this Is an example of if by gun in the united states because it's a kind of american-led sell-off And now and now the market of this movie is moving um is moving lower also But sorry the market's moving hot the markets are the correction The sell-off started america the corrections started america and evidence is following also as I mentioned recently Two couple of charts ago The the pound dollar trend over the past say five or six weeks has been to the downside Granted that's in a that's in a wider positive trend, but still The the pound has been losing ground to the u.s. Dollar recently and also on top of that as you've seen on the Euro starting chart a couple of charts ago the the euro at least briefly anyways, but was gaining ground against the pound too As in terms of actually covering charts that's that's actually it for the webinar itself What I do what I do is quickly run through a couple of things on our trading platform As I mentioned on top of the platform everything that we do in terms of news analysis gets put a lot of stuff That we do in terms of analysis gets posted here to the news and analysis section so Throughout the day feel free to go on this and Get our our thoughts and our views and uh, and the news stories that we feel are important Also that there are other webinars that that you can avail of So tonight at 1900 GMT 7 p.m. UK time. There is the trader development program part two trade trade with the position strategy That's on tonight. I recommend tuning into that on wednesday the 14th of march and 1730 GMT Ha 7 p.m. UK time. We have the next generation forex webinar after those of you In northern england, we have a we have a seminar in manchester So I said in as a seminar in manchester in the in the hilton in deansgate manchester on thursday the 15th of march The time for that is 1800 GMT half 6 30 half 6 p.m UK time and of course next monday monday the 19th march it'll be me once again in the hot seat for the monday market update webinar All the things that are on our platform that we're having a look at are as follows Market insights get gets updated with the very Some of our updates throughout the day and they can be found under market pulse Um, there's the second option down. So advertisements for the for the webinar or any kind of any sort of videos that we do throughout the session We'll get we'll get posted there along with very different data alerts notice how The chairs that I was using I very different lines written and trend lines and support resistance lines And what have you drawn on those charts? throughout throughout the day several several times a day. We'll be updating the chart forum. Which is essentially Which is essentially we take a screenshot of a chart and we put in a few hundred words and the description of the price action and what's going on with price action and in terms of potential levels to keep a mile for The chart forum can be found on market other market calls yet again and is the third option down Uh, and that's your question. Uh, you do not have to have attended part one to attend part two So feel free to sign up to part two. Uh, in future We got some of these webinars, particularly the evening ones are held over over a successive period of time Um, so ideally just keep an eye out on the website itself And you and you will find out more details about when they can be found But the answer is feel free to join part two even though you may not have actually joined Part one. It's absolutely fine to do that Uh, I do want to thank you for your time. All of us at CMT markets appreciate you tuning in to webinars The video of this webinar is going to be available at market insights within the next hour or so Well, I think we have covered all the major bases and all the major markets So once again, thank you very much for tuning in have a good training week and good luck