 Good morning. Since yesterday we know that there is great and fantastic compliance within the OPEC and non-OPEC countries that actually set to decrease their oil production by the weekend when non-OPEC and OPEC members meet or met for their compliance meeting. 1.5 million barrels have already been cut in production. That is 80% of the total amount, which is something actually positive one might assume, but the price of oil was unimpressed. There's still a topping formation in the four hour candle chart, a head and shoulders pattern which could bring us down to $49 should the neckline of that topping formation be broken. Speculators on NYMEX in the WTI contract are as long as in the year 2014 or even more on the long side. So very, very long positions there. The expectation is very much that the price will go up. So if it doesn't, then there is a lot of positions to be unbound. The price of copper, the speculators there are at a record long positions. Even everybody speculating that Trump will with his infrastructure investments bring in more copper demand. But here we also have that Trump reflation, Trump, whatever trade, Trump trade with the price of copper. If the price of copper should start to go down, then this will be a good signal that this Trump trade is being unwound. 8% of the S&P 500 companies have reported their earnings. 65% of those that have reported their earnings cited the administration and that is Trump administration uncertainty in their outlook and regarding the business. So it's all about more or less what the details of what Donald Trump will do that will lead us into this trading week. There have been some weakness in the DAX yesterday. Some thought that after a run up in prices, it might not be a wrong thing to take some profits off the table. As we say in Germany, nobody has ever died of taking profits. That might be the mantra going into this week. We have from a cyclical standpoint the honeymoon rally on Wall Street that ended on the 20th of January with the inauguration of Donald Trump. So that might be that this year it will be the same that the rally on Wall Street needs to consolidate and correct further before we can have another leg upward.