 Hi, good morning and welcome to today's products and focus as you'll be able to see there the UF 30 bounced off potential support at 16401 after a particularly savage last couple of sessions and Global slowdown fear is very much being in focus right now many many Equity markets taking a bit of a dive and we do we have seen some very interesting moves on major FX pairs as well But we are jumping around potential support at 16401 next potential support should that should that not hold would be 16178, but this would be a hammer formation if there's currently holds just now technicals are still slightly Over I won't look quite over oversold yet But moving into that oversold territory, but there's still room for maneuver So further weakness still possible and we do have a slight absence of economic data Do we do have some Chinese data that came out slightly better than than expectations, but people are still worried about global slowdown fears You've got ISIS you've got Ebola you've got your own crisis PMI coming out weak and Germany Having slowest industry production for years looking at the UK when the hundred has also had a decent bounce this morning as well I mean smash through sixty nine and sorry sixty three ninety next potential support is sixty two one six We've had a bounce this morning, but it does feel a little bit like a short lived in move But we have had such a savage Move to the downside, but what was the good news going to drive this up that little bit higher So I think sixty three ninety might be potential resistance if we do end up getting a little bit closer So just bear bear that mind that we do need some decent fundamentals to back that up and We'll come back to the market calendar in a second It's looking at Japan to do five It also had a really horrendous last couple sessions bouncing off potential support this morning 4977 it did slightly below that first thing this morning as dollar yen You know people buying gold people buying yen as it has been Switching that FX pair round and that's been picking a bit of a damper in Japan to do five I'll be at most global equity markets had a little bit of a bounce this morning We are on the right side of potential support and it's not looking as ugly as some of the other charts out there So moving on to dollar yen. Okay, so I actually need to get my drawing tool feature out right here So that was let's just draw that on there a little bit better I'll be we're looking at potential support round about 107 spot 36. We dip below that slightly this morning We're in the right side of it right now, but we're below the 21 pure to SM a and we are going to be if we Do dip below that again the next levels all the way down at 105 spot 44 Which would also be close to that 55 here at SM a so what's for weakness in the close below 107 spot 36? For the next directional move if that happens crude oil West Texas again fuel in the pain I tried to reverse higher yesterday hitting potential Resistance at 85 spots 65 Where is that next potential level now? Let's go into our weekly chart so we can get a chance to see that okay So crude oil West Texas looking a little bit. Oh dear. Okay. That's bounced off that eight eighty four level pretty much bang on You are pretty much now going to a horrible $77.40 as the next potential support level and that is going to be pretty savage But ultimately that's where the next potential support level is and the fundamentals aren't exactly looking that tasty To help West Texas in the short term. So we are in the middle two ranges right now So so 84 to 85 spot of 65 a breaking close blow that opens up next potential support all the way down at 77 dollars 40 cents So looking at gold Gold is benefiting obviously from all the fear the reversal in the dollar But I'm still not massively convinced on this bad boy, but look at the long-legged candles Lots of doubt moving higher again, but lots of doubt So it's still making a fresher highs, but it's just getting pushed down so aggressively each time it tries to break new ground So 1218 probably going to be the level to keep an eye on if gold is going to build a consolidated base for a springboard up higher That's also going to be running about 21 period SMA That's what many traders are going to be looking at and these these candles are they're pretty ugly And you can see when it's happening before it's in the pushing gold at level or as long as you're in the market You know gold's gonna get a little bit of a tip up if we do see a recovery in the global equity markets and obviously the US dollar Gold's gonna quite quickly reverse course again. So moving on to your dollar your dollar Not looking so hot either still in the massive downtrend It's trying to benefit from that weaker USD today. Obviously the eurozone is not in a very good state The American economy is still doing so much better So fundamentally the euro still feels weaker versus the US dollar one spot 2661 will be the level to watch right there So finishing up with GBP USD I bounced off potential support one spot 6209 there yesterday There still seems to be a little bit of an error weakness in the USD as I said again the Greenback is the better performing currency due to the fundamentals rather than GBP Especially when we've got such a close connection to eurozone and it's pretty much in the toilet right now So keep an eye on one spot 6209 that is your potential support Technicals are kind of neutral right now. I got my data. Why is there's nothing else exciting today? Let's fast forward on tomorrow loads of UK. We've got CPI got PMI. We've got industrial production It's Eddie W W business report all this stuff is gonna be pretty important So actually I'm gonna make sure I set my reoccurring alerts right here There is so much stuff coming out So we just want to make sure that we're all aware of what all these Announcements are and if we go on to Wednesday as well, you know more Chinese PMI and CPI You've got UK jobless claims and then retail sales and PPI from the US So actually a fair amount of back on the data coming out on Tuesday and Wednesday a little bit like today keep your eye on the chart form as ever make insights part of the lake going forward And join me again tomorrow to find out what happened next