 Hi, good morning, and welcome to today's products and focus so most global markets Can I hit the skids a little bit later on in last night's session after coming up a multi session high with the US 30 breaking above 17,000 and 34 we've had a retracement pretty much right back down to that level today with a modest bounce first thing this morning Technical indicators are slowly moving into overbought territory So not massively surprising that we've had a little bit of a retracement and the latest data of China again Has been slightly mixed putting extra focus on potential monetary easing in China Just as Singapore overnight has embarked in its own monetary stimulus measures To protect the Singaporean dollar So that's where we are with the US 30 if we move on to the UK 100 for the kind of reversal and commodities Has been more firmly felt very negative day yesterday because of that reversal and commodity prices That's a bearish engulfing pattern and a half we pretty much bang on hit that 55 period SMA With 6300 being a potential support. We're a little bit on the wrong side that level right now But we're hard. We're not exactly going through a technical breakout at the moment the slow stochastic is Slightly overbought and we were almost getting the acceleration Of the MACD histogram with the Mac MacD almost close to crossing over near the zero line But it's not happened as of yet But if you look at this candle and a little bit more detail, it's not it's just turning red just as we're speaking right now So maybe we might see a little bit of an acceleration to the downside For commodity prices come off some more. So then have a look at Japan 225 It's down slightly in the back of those next Chinese data figures Looks to be kind of hugging this potential sloping trend line But also the 21 period SMA with 18,300 and change just being slightly too difficult for that market to Kind of break through so moving on then to to dollar yen And we had seen the US dollar lose a bit of momentum before still lose momentum as those interest rate kind of hopes continue to kind of fade away With one spot 19 being the longer term potential support We've been in this range for some time with one 21 87 being potential resistance and one 19 being potential support We're short shorter term potential support round about one 19 spot 80 as well So I'm just having a quick look at my intraday charge as well And I'll come back to that in a second once they load up and we'll move on to West Texas crude So West Texas had been going through quite a big upwards push graveyard doledgy formation there on Friday a 4% drop on Monday another acceleration to downside yesterday, and we've got a kind of a kind of a spinning top formation first in this morning and Arguably you could be looking at 45 85 as a potential support, which was just from this trend line right here And we have seen evidence of selling pressure with the tips of these candles there before But yeah, it looks like we were kidding in the middle of two longer-term ranges one of 42 the other one closer to 4950 With this level slap bang in the middle of 45 85 that could be a level to look at but to be fair I don't think West Texas crude is going to be that popular while it's hovering in the middle of these ranges at the moment So then moving on to gold which should be having a good time, which it is In regards to US rates gold and US rates very sensitive to each other usually working in opposing directions and what we're seeing here is a technical breakout above 1168 the next potential Resistance is at 1205 so you could be looking at 1168 as a staging ground If there is any reversal or any retracement later on today Interesting interesting candle yesterday where we were much lower than for it to reverse later on in the session and bust up that little bit higher So that is then isn't charged look at so gold probably going to be quite popular throughout the day So then finishing up with the euro dollar and GBP USD your dollars grinding slightly higher towards one spot 1475 We've broken out of that symmetrical triangle formation other technicals are relatively neutral So we should be still moving in the right direction some some interesting momentum there on your dollar Looking at bro cable low cable had a bearish and girlfriend pattern yesterday not making some great Have we making a pattern of lower highs you got a high lower high lower high lower high again There's one spot 51 85 looking like it's going to be a quite an important strategic support level for a number of traders out there So that's where we currently sit with the major products market calendar wise. I said we've already had Some slightly mixed data coming out of China CPI not coming in As expected slightly lower at 1.6 versus 1.8 PPI came in as expected, but nothing special to be honest later on in the session. We have UK unemployment claims We have industrial production And we also have retail sales and PPI from the US So actually today has a fair amount of macro data to be aware of and then when we go on to Thursday We've got US CPI And you've got employment claims and of course you get the Philly Fed index and finishing up there with the west with the kind of crude oil Inventory data, which is going to be quite keenly watched on West Texas crude So join me again over the next few days To find out what happened next