 Hi, good morning and welcome to today's products and focus and what we've seen there is oil prices slipping back again after the Q8 oil strike has now come to an end all the workers there have reached a deal with the local the local firms and resumption of work there is now beginning. Now we've actually had a selection of other US earnings that came out you had Intel last night they're gonna cut 10% of their workforce 12,000 people going to be losing their jobs there share price dipped down about 3% and your Netflix and IBM after the bell just this share price is absolutely getting tanked with Netflix in particular is due to a reduction in subscriber numbers and it's quite a significant decrease normally have about three million three and a half million it came in about two million so that stock taking a little a little bit of a tumble and after after trade hours so that gives you a bit of an idea as to the current state of things we have a number of other big high-profile stocks to be reporting later on today a lot of banking stocks had been reporting yesterday as well and they've also come out with results that have not been so strong but they weren't as bad as what some analysts were were predicting so actually yesterday you had a number of these other US banking stocks slowly creeping up the Goldman Sachs for example coming in with their results a little bit under expectations for revenue but they beat with earnings per share now most most global indices has come up ever so slightly from those those gains that we saw there yesterday and when we look at the US 30 you'll see that it broke through potential resistance and has then just come down ever so slightly right down and retraced back down so that broken resistance now potentially acting as support but let's go ahead and have a look at the US 30 to kickstart things off okay so this is currently where we are we have 85% of CMC markets clients are currently short as you see there we had a breakout there on Tuesday and we just reversed a little bit down so far this morning I just jump a little bit on to my five minute charts let's have a look at that in more detail you can see it pretty much is bang on hit that level twice been slowly drifting down maybe curving ever so slightly as it gets closer so be very interested to see if 79 77 forms of more of a base for a potential move that little bit higher or if it's going to break back through that potential support and workers pay back towards 17 847 so very very interesting moving on to the UK 100 you can see we had a fantastic day yesterday a bit of a strong reversal today we're the middle of two ranges 63 23 as potential support and 64 53 as potential resistance with 80% of CMC markets clients currently short looking at the Japan 225 you can see we had the breakout yesterday reversal this morning it's bounce off 16 896 and it's currently pretty much sitting bang on that level right now that the technicals are relatively neutral and some of that is due to the Japanese yen getting a bit more strength and see this is dollar yen we had the dollar increase a little bit the last two days and it's kind of reversed ever so slightly this morning we are still in the middle of two ranges dollar yen is not really that exciting we are making a pattern of lower high so if you look at these three candles right here but we are in the middle of two ranges 110 and 107 spots 67 moving quickly on to crude oil West Texas and you can see there the ones that news came out about that Q8 oil strike ending we did quickly reverse and not completely all the gains but it certainly has provided a little bit of dark cloud cover on here these types of these candles here are indicative selling interest each time we get above 40 spot 80 there is a selling interest around here I'm affirming the wrong side of that potential resistance slash support right now the next potential support being down here that 21 period SMA or perhaps that little bit lower but depends if there is any production freeze elements this is going to be ongoing for quite some time but it's definitely going to be volatile so just definitely careful out there and for those of you that are trading gold at a fantastic day yesterday it's going to reverse a little bit this morning again kind of doji formation this morning still direction list making a kind of a pattern lower highs we really want to see your break of this neck lining area right here or a break above the tips these candles before we get some more directional moves I'm finishing up with your dollar and GBP USD so your dollar having itself a good day yesterday the dollar kind of rolling back I think GBP USD also still making some gains decent day yesterday office session highs so a little bit further ahead this morning but not that much conviction 84% of CMC markets clients are currently short so they're obviously hoping that this potential resistance remains intact and then we finish up with GBP USD God is fantastic run stopping just shy of that potential sloping resistance level and the question is can it go ahead and break through 79% of CMC markets clients are currently long so hoping that it can but right now this is still trading within the triangle and we're looking at this this level obviously ends up holding you might end up getting a drift back down towards once about 40 80 otherwise a break above here could open up one spot 46 now let's finish up very quickly with the market calendar what is still due today I've got employment data existing home sales and oil petroleum data and then tomorrow we have retail sales in the UK the industry announcement from the EZB employment data and CCI and then Friday we do have Japanese data for PMI German PMI and Eurozone PMI as well well guys that's it for me very good luck with your trading and join me again tomorrow to find out what happened next thank you very much and goodbye