 Hi, good morning. I'm welcome to today's products and focus so incredibly volatile markets overnight and Chinese stock markets Have slumped over 8% at one point in the recession with 54% of all Chinese stocks actually halted trading at one point as the kind of stock market route continues unabated in that region You see all the major Chinese indices all down and it's also spread across the Hong Kong in the sea as well Which is down significantly this morning Over in Japan as well has been hit quite hard. So looking at the US 30 you can see yesterday's candle We were done much lower only to finish a lot of hires It was a Greek deal was edging ever closer and then Today the US markets have come off quite sharply again this morning very very strange candle to have yesterday To be then preceded by a very negative candle again today. So 17561 is an exponential support The two tips of these candles here are indicative of selling pressure quite close to 17818 But all in all between Greece and China There's a lot of reasons for people to be a little bit techie right now and this big crash in Chinese stock market Now is kind of taking a little bit more center stage versus versus Greece I've also seen reports this morning that the Greek Prime Minister never expected to win the referendum The way that he did and it's going to back them into a little bit of a corner now because now he doesn't know what to do And they've got until Friday Sunday now To reach a deal before the Greek Bank run out of money and they're expecting to have some sort of deal on the table by Friday to get them the weekend to figure things out. So it doesn't be a bit of a mess looking at the UK 100 This is a quite a staunch sell-off we've had there similar candle to what we have in Germany there on the US 30 Sorry But today's candle again quite deep into the red with the UK market down 1.2% 6415 is next potential support followed by 6073 which would be quite a strong retracement Germany 30 down almost 2% down at 10,600 and 70 Looking at the technical break on Japan to do five This is a pretty ugly move Japan to do five down almost 4% this morning a huge technical breakout below 20,087 is that kind of panic selling spreads across the APAC region and The next potential support on this market would be the tip of this candle around about 19,000 followed by 18,648 Wow with the Aussie stock market down 2% as well down at 54 55 And that's obviously not an effect from that huge Chinese health It's very unusual for 54% of Chinese stocks to be to personally halt trading to try and stem the bleed even with a lot of Unprecedented government action to support the stocks Retail traders in that part of the world are not listening looking at dollar yen negative candle today breaking below one spot 87 As people are flying to the Japanese yen For a safe haven next potential support is all the way at 118 119 But we've got a bearish engulfing pattern happening at the moment with double yen dropping even further as we speak So moving on to with Texas Obviously having a negative couple of days This was a decent drop here another negative drop Yes, they managed to close towards the end of its session actually positive territory as a grease thing potentials looking a little bit better It's looking a little bit worse already this morning, and we were already beginning to drift a little bit lower 49 The 49 40 is an x potential support on West Texas could all reasons all the fundamental reasons we talked about before and China It was obviously a major factor in that Chinese slow down now the biggest fear for West Texas could gold surprisingly getting absolutely smashed about 1137 is an x potential support People pretty much using Japanese yen as that safe haven rather than looking at gold was getting no love at all And quite a lot of negative candles here as well Finishing up with your doll in Jimmy P of diesel euro dollar being quite volatile Was down a lot lower yesterday master cover some of his lost territory It's actually very interesting to see how the euro is responding to do what's happening in the moment But one spot 11 is certainly the potential resistance at one spot zero seven eighty six is still a potential support The fact that we're not moving that much lower at the moment when European equities certainly are trying to move a little bit further down The euro seems to be well well supported instantly So be interested to see that continues on looking at death cross and moving averages other other technicals are quite neutral at this stage Now GBP USD is a bit more directional feeling more pressure real bad day after the again as the dollar was getting a little bit momentum The dollar yen had been moving up higher until people been buying the yen up a safe haven We were at one spot 54 24 at the moment below both moving averages This support looks potentially vulnerable for a break if that happens one spot 51 85 is the next potential support Other technicals still show room for further down was action with the MACD about across a zero line Which should also be another negative signal um I'm looking at the kind of the the size of the sell-off that we had here versus here I could very easily see A move lower should the support level be broken Towards one spot 51 85 before we might expect that strong rebound if this follows a similar pattern of We've got this upsell and then a sell-off and we've got this upsell And then the sell-off then the next phase of an upsell could be like the start of Of an abc corrective way perhaps we'll have to wait and see Okay, so x with day y is not huge huge amount happening as I mentioned It's this week sunday's deadline for Greece. There's lots of deadlines for Greece, incidentally Um When all the huge amount of mac with data due you've got crudola material is due at 1 at 3 30 today Not a lot happening on thursday and not a lot happening on friday either But friday is probably when you'd expect the latest draft from greece about What they're how they're going to kind of restructure their debt and What type of reforms they're they're going to be looking To put on the table to get that next tranche of aid But the greek banks pretty much running out of money at the stage So keep you around the chart form as ever make insights popular going forward and join me again tomorrow to find out what will happen next