 Good morning and welcome to today's products and focus. So if we have a look at the US markets we've got a little hammer formation here on the dame as we had a nice little retracement back down to potential support at 17747 which could be a springboard for the next move up. Looking at the end of day charts on my other screen right here you've seen a bit of a dip down then a move back up to the upside across most other global markets looking at Germany 30 UK and Japan 205 is still also doing quite well. So I guess a big question is are we going to be able to get back on a firm footing for equities? Are we going to see a slow grind back up towards all-time highs or are we going to see a little bit of a sell-off as a markets get used to the idea that higher interest rates in December could have a potential impact on emerging markets and thus have a bit of an impact on some of the major markets as well. Certainly this this sell-off that we've had is tiny in comparison to the move that we've had from the upside from all the way down here to where we are just now this is really nothing. From a trader's perspective maybe we would like a little bit more volatility right now around how there's a slow grind up to the top doesn't provide a lot of great opportunities but right now where we are at 17747 this could be an interesting point dependent on your view on the US 30. So then jumping on to the UK 100 is looking a bit more ugly so we've had that neckline break that we talked about broke through potential support yesterday again it's it went all the way down closed pretty much on that level of 6300 so we had not really had that closed below we're trading below the 21 period SMA above the 55 period the other technicals looking a bit ugly. If you were to take the tip of this candle to the bottom of this neckline you are probably looking at around about 6200 as the if you take classical measurement classical technical analysis measurement techniques you apply that distance to the break line break the neckline so it could be a little bit further to go if we get any more negativity. UK 100 is quite interesting obviously because you've got the mining stocks and oil stocks and commodity prices aren't exactly rebounding very strongly at the moment so that's one thing to bear in mind Japan 25 doing a good job dollar yen it's actually not doing a huge amount 123 it's still a high but it's not pushing on higher more disappointing data out of China are they gonna do more stimulus in Japan certainly we've got a proper technical breakout happening in Japan 225 and we're not that far away from 20,000 that's gonna be the next potential target price that traders will be looking at so then looking at J dollar yen and we've had three days there of a failure to break higher the more longer this continues on the more likely we're gonna have a drift back down towards 121 87 don't really want to have that we have been lower this morning looking at the daily candle but it's pushed on back higher so it could be kind of interesting if we all to get into positive territory because then that could be an indication that this markets willing to look towards an exponential resistance at 124 42 though it's not happened as of yet so West Texas crude flatlining grinding a little bit lower is a little bit unexciting at the moment crude oil inventory is a June Thursday is a Wednesday at the moment $42 remains a potential support other technicals are relatively neutral you've got a high and the lower high as it feels that it might just be a slow grind down until we get some macro data to change people's views so looking at gold it seems to be hovering around about this 1090 level if we do get any retracement $1100 as a from a technical perspective that is a an important level either if you've got a bearish few in gold some people might look at opportunity to grow short if you think that the the move has been overdone then certainly you can look at that as a potential breakout level should we begin to get more upwards momentum so that's currently where we are on the metal then jumping on to your dollar it has retraced back up to one spot 076 only to get pushed back down again this level also equally important for your dollar very strategic level for traders dependent on your view on the common currency now finishing up with GBP USD it's had a strong retracement back up to one spot 51 85 similar view if this level is still acting as potential resistance there's broken support now expect that act as resistance you can see it's pretty much bang on hit that this morning I've had decent like a little rally on there and she does look at the dollar has lost a little bit of momentum at the moment but this is an important level if we do get a breakup breakout be one spot 54 24 is next potential resistance otherwise if we have a failure to breach one spot 48 13 is the next potential support so economic data why you've already had a raft of Chinese data come out as some of its be expectations of only just missed expectations on the level of the special you've got UK employment claims data today is Thursday is probably your best bet for data you've got German CPI you've got Eurozone industrial production employment claims and crude oil inventories so that's got a little bit more action on there so guys as ever keep your hand in the chart for me get into this part of your leg and forward and join me again tomorrow to find out what happened next