 Hi, good morning, and welcome to today's products and focus US 30 there had a particularly volatile session coming off the lows bouncing through potential support at 17361 to Push on that little bit higher still down to the day But we're making a little bit of a momentum this morning But we are making a pattern of lower highs and the candles indicative of further pressure Potentially around the corner as the markets to come up quite strongly after the US retail sales Really massively missed expectations But then we had a late jump in crude oil Which went up about four and a half percent potentially a short squeeze and people exiting short positions But that added a little bit of extra strength to a lot of global equity markets late on in the session But it feels transitory in nature And crude oil is probably gonna be under pressure again if it was in fact short squeeze rather than anything else in the supply Came in about of the inventory yesterday was expected just below 500,000 and it came in at about 5 million So there is definitely an overabundance of of crude sloshing around in the market So just be a bit wary of that crude price in the short term UK 100 is off at session highs drifting back lower towards 64 15 a Technical break below that obviously opens up a move much lower Moving on to Japan 225 WN has had a bit of a rebound but still we are at 117 so Well, you can see right here. It's actually on the daily candles It does look like it's a bullish engulfing pattern quite significantly that might be a hammer formation on the candlesticks Usually hammering out the bottom. We've had a fall through there today Could be it still looks like some sort of weird head and shoulder formation potentially Developing we're coming close to the 21 55 period SMA. We're a good bit away from potential resistance But we are at the top end of the range, which is quite interesting for Japan 225 I Guess you've obviously got the spike of the equity markets plus dollar yen rebounding adding extra love onto there Looking at dollar yen in particular You can see the candle isn't quite strong, but we do have this hammer formation It closed pretty much bang on potential support or resistance at 117 spot 36 It's still bouncing around there right now if we continue to drift lower and don't have any meaningful bounce Then we'll be looking at one 14 spots 74 for the next potential support level So moving on to us Texas crude as we mentioned it had a big bounce yesterday It's got a doji formation right now just at the start of the day. It's not falling through with any Conviction that can leads a lot of traders to think this is just a short This isn't that just a short squeeze Long-term potential support still remains at $35 should weakness continue and this market Moving on to gold and gold very volatile You can see it trying to get afternoon after the retail sales figure yesterday. We shot right back up So this is like a tweezer top Which usually would be quite a negative sign of a reversal Coming up close to 1242, which was a potential resistance and we're moving lower this morning So with this technical formation right here adds a lot of pressure On gold making it very tougher to break above 1242 But you can't argue with the fundamentals if a lot of data continues to disappoint at the US and the retail sales figure Yes, it was particularly bad But equities are trying to muster some sort of move to the upside Which will obviously be adding a little bit pain to gold as well So obviously what happens, but this candlestick formation is not that good for the build on gold in the short term So finishing up with GDP and your dollar your dollar drifting again spinning top formation Just showing indecision yesterday. It's been all over the place last couple of days But one spot 1872 is the potential resistance one spot 1642 is a potential support that hasn't changed We are in the middle of two ranges right now But we are getting closer and closer to January 22nd Which is when the ECB potentially might come out with a statement regarding potential quantitative easing So finishing up with GBP USD as you can see there We had a little bit of surge above one spot 51 85 Which is good could be acting as a new support level on cable so we can target one spot 54 24 Bailing that a break below that opens up the tip of this candle right here doing one spot 50 But the longer term potential support level has remained constant for quite some time Down trend still intact one spot 4813 is an x potential support level to be aware of so market calendar data You've got a lot coming out today. You've got German GDP You've got employment data out of the US and you also have the Philly Fed numbers at three o'clock And then if you fast forward on to Friday, I've got German CPI harmonize CPI Eurozone CPI and industrial production and US CPI and University of Michigan sentiment data due out as well. So between today and tomorrow There's actually a huge amount of macro data that could as fuel to the fire for this market either for the upside of the Downside so to be aware of when it's coming out and as ever make the chart for them part your layouts from real cool stuff on here Make sure you get a chance to Look at the analysis make insights part of your leg going forward and join me again tomorrow to find out what happened next