 My good morning, welcome to today's products and focus so looking at the US 30 We've had another kind of doji formation in the bottom end of the downtrend just consulting just above at 17,000 Well, let's just say it's 18,000 which also coincides with the 55 period SMA Now we have some okay data come out the US yesterday, which is called the Dollar to gain a little bit of momentum against some of the other majors Especially doyen actually just shy of 125 this morning So I said pushed up quite nicely obviously Japan to do fire stage a little bit of recovery in the back of that rally as well So where we are with the US 30 right now is 18,000 potential support and then 18,112 as potential resistance It's probably not the most exciting market to look at today looking at the UK Looking very top-heavy coming up towards trend line bottom-end of this Symmetrical triangle formation sorry ascending triangle formation Trillium blow both moving averages which is kind of telling 6964 a support. It's been below it yesterday and again today Looking at the number a charts UK 100 Germany 30 etc. Look pretty weak I wouldn't be surprised if we had a move back down towards the bottom of this downtrend and every break below that 6906 the next potential support That gets broken then you've got 6771 which is quite a good bit further away As ever Greece is going to be very popular Got until Friday to come to some sort of deal for the 305 million tranche Euro tranche for the IMF So the ECB are working quite a lot with that or the eurozone members are working with Greece to try and get some sort of compromise in place That's still failed to materialize as obviously adding a lot of pressure on the euro as well So looking at Japan to do five decent day yesterday still and break the highs that had done Okay earlier last week But the uptrend still looks intact with 2868 still be the longer term potential resistance 2,000 off the way there or maybe even three quarters We've had a little bit of a dip today, but I've been lower and it's pushing up a little bit higher We might get a bit additional momentum there on today. So looking Dollion that's the that's the real big I guess FX story right now smashing about a bar of potential resistance one 24 But 42 it's a scale highs that have not been breached since 2002 so you're talking about multi-year highs on this FX pair and as we discussed before there is not another major Resistance level to probably I'll be up at 130 And that is some some significant Upwards potential there should the macroeconomic data continue to support IE Japan more likely to cut and US More likely to raise rates So maybe we're just at the start of something but it has it's likely overextended. So just do bear that in mind So I have a look in West Texas crude We had a decent day on Friday. It's a flat land a little bit Yesterday similar pictures day obviously dollar strength and pushing it down You do have a big opaque meeting coming up on Friday as well on the 5th June Where they're pretty much going to be discussing this every six months or so to discuss output levels surgery We are expected to dominate as they still want to gain market share over and above Extra costs for barrels of oil. So they're unlikely to cut production, but it'll be an interesting meeting anyway Just to get the details at the end and then to finish up with you PUSD so now with gold Goals very very interesting one. So I had a huge rally at one point throughout the day Got completely pushed all the way back down couldn't even post a positive candle that pushed negative This is a horrible technical candle to have Especially at the bottom of the downtrend 1186. So this would be very long legged Candle graveyard doji formation huge And this would be seem to be very very negative But I'm actually quite surprised to see that gold has managed to keep his head above 1186 But it's quite important potential support level because after that you're looking at 1137 as the next longer term potential support level So keeping that on those macro data events. We just go back to yesterday. It was PMI that came out a lot better than Expectations so you can see this one right here the forecast of 52 came to 2.8 But it's this one here the manufacturing prices index came in at 49.5 versus an estimate of 42.5 And that's what caused that late night rally in the US dollar and the drop off and gold and today you've got German data you got Eurozone CPI PPI data and then all industry to balance is Wednesday. You've got more data You've got more Chinese PMI PMI you got house pricing data German PMI Eurozone PMI UK PMI offer market retail sales and ADP private payrolls and trade announcement trade balance data. It's all about all about Wednesday That's gonna be big for a lot of ethics pairs and gold as well. So finishing up with GBP USD and Sorry your dollar right there We're in the middle two ranges hugging the five period SMA one spot eleven potential resistance one spot zero seven eighty six It's potential support crossing the zero line with the MACD We are now into oversold territory with a slow stochastic It's not yet given a signal to to reverse round yet. Whereas the RSI is still relatively neutral probably not huge amount to To look at on this FX pair for now We need to find out what's happening in the grease first and then moving on to GBP USD You can see that we had this reversal right back down to potential support one spot fifty one eighty five very negative Yes to the first sterling as the dollars gained a lot of momentum And it looks to be we're trying to have a small rebound this morning But we're just waiting for the 55 period SMA to catch up Other technicals are a decade of the fact that could be further downside here break of this trend lines Obviously quite significant and the sell-off afterwards is The price action movement has been has been pretty decent as well So a break below one spot fifty one eighty five opens up one spot forty eight thirteen And that would be a significant reversal of fortunes from this rally that we had throughout April and May So we already talked about the commitment dated you today and tomorrow. It's really Wednesday when things take off Jasper and Michael Houston have been doing some Interesting bits of analysis with chart form so make sure you get a chance to see that Make insights popular going forward and gonna show me again tomorrow to find out what happened next