 Hi, good morning and welcome to today's production focus. So having a quick look at the equity markets We've had a short-term bounce plumbing down the lows close to 17 0 with 34 to push back above potential resistance at 17 361 other technicals relatively neutral with the MACD just costing a zero line right now But the 21 period 55 period SMA for potentially providing short-term potential resistance What we're kind of really looking for now is tomorrow's FOMC Most of the markets can be probably sideways moving until then we're seeing the US dollar can if take a bit back feet again With not a huge amount of activity equity markets are off their highs of the off the day If we have a look we'll be looking at the UK 100 in a second It's managed to just have a short bounce off of its lows as well But it's still quite an ugly picture in the commodity world We're we've seen crude oil managed to have a little bit of a spring as well But it doesn't feel anything more than transitory at this stage, but we'll cover that in a second So then let's move on to the UK 100 Very very strange candle to have here. You can see the volatility has been down much lower It managed to go much higher and it pretty much settled bang on that bang for it where open This is a massive spinning top formation And we've been we followed that up with actually another negative candle so far to date Technicals the RSI is an oversold territory But I hasn't yet had this the signal to go ahead and buy is not crossed the third percent level So no reversal signal as of yet number miles away from the moving averages So that was quite ugly for now 5770 is the next potential support should the commodity sell off continue looking at Japan 225 Bershing-Gulfing Baron pattern currently we are trading below 18 648 with 18 306 being the next potential support Other technicals still show further room for downside and we've firmly broken any any uptrend that was on there My thought I'm just gonna go ahead and add that on just now You can see that we we actually broke it a little time ago But that's that's currently where we are with the yeah with the Japanese market So they're moving on to dollar yen dollar yen. You've seen more safe haven buying on Japanese currency At the expense of the US dollar This is kind of an interesting candle formation have yesterday as well I had broken much lower actually broke below 120 spot 55 only for it to bounce but kind of curving back around now So I wouldn't be massively surprised to see us re-challenge 120 spot 55 again the way the candle is looking at the moment Moving then on to West Texas crude you can see the candle formation that we had yesterday Straight off the sessions were much more negative at one point. I had hit 3426 at a particularly low level Only for it to hit the short-term potential resistance around about 3643 now. You've got a negative candle again so far this morning Is looking a little bit top-heavy on the interday charts as well from what I can see And regardless of the technicals that is massively overbought. That's old sorry And we're just about to get a reversal signal in the RSI, but that's yet to come with a slow stochastic as of yet So let's have a look at gold gold has been kind of grinding about lower the last couple of days So I had a bearish and gulfing pattern. Yes, so they quite a steep drop actually And we've tried to have a rebound this morning only for it to get pushed right back down again So as you can see there, it's just off the tip to those candles. The next potential support could be 1046 is the bottom of this candle down here then fall by 1031 as we approach the FOMC So your dollar so as I mentioned the the USD has taken a little bit of a backseat again And your dollars is grinding up a little bit higher. We're trying to get above One spot 1038 we're pretty much bang on there right now as one spot 11 is the next potential Resistance level to be aware of we are turning above both moving averages without 55 period SMA potentially adding a little bit short-term support as Well, and we finish up with GBP USD A bit of a negative day yesterday bearish and gulfing pattern again And we're off the session highs already today We could have support by a 21 period SMA, but we do have one spot 51 10 has been that next potential support level as well So we're still firmly in this downtrend There's a kind of if you're depending if you bullish or bearish on GBP USD We really need to get above this sloping trend line to get a decent chance of challenging one spot 54 97 or one spot 55 but it's not happening as of yet So I come at data wise you got UK CPI so that could be interesting for your cable traders out there But the ZDW business report. That's a big bit of data coming from Germany. Then we have the CPI data from the US That finishes up for Tuesday and the Wednesday We've got a whole host of PMI for market serve your zone German Germany Japan UK employment data CPI from the Eurozone industrial production from the US Crude oil inventories fact Wednesdays already shaping up to be a big day even before we get to that FOMC policy rate decision and Remember if you go to support and live trader event you can send up to our live webinar there as well But this is probably one of the most important FOMC sessions and recent memories So this is the this is the big one will they or will they not raise rates this year? You have to tune into the webinar to find out so keep your eye on the chart form guys Make insights part of your leg going forward and join me again tomorrow to find out what happened next