 Good morning and welcome to today's products and focus so looking at the US 30 right there You can see we have multiple bounces trying to get through 18,000 and 112 And a failure to do so yesterday and actually a bearish engulfing pattern there being posted now We're getting quite close to that 18,000 potential support level Moving averages are flattening out as we've been unable in US 30 to break up that much higher I think the SPX 500 actually managed to reach an entity high before biotech earnings dragged the whole thing down and As you can see there, we've actually just recently had a negative cross on the slow stochastic there above the back to the 8% level there So certainly in the short term, there'll be a little bit of pressure there But as it is earning season anything can happen But and certainly 18,000 could be the next pivot point for the US 30 going forward So looking at the UK 100 we almost briefly touched The second highest level that this market has in its history only then to jump right back down again strong doji formation Right there and we flat lined again a little bit there today all the technicals looking relatively flat Mac D Not really showing anything RSI is neutral and almost slow stochastic there a few days ago posting a negative cell signal But we're a little bit away from both moving averages So we might get drift just as the the Fed actually is about to begin its two-day meeting To think about interest rates, so I think that concludes on Wednesday I'll come back to that in just a second, but the FTSE trading at 70 75 right now So moving on to Japan 225 and you do have bank Japan's session Geo on Thursday for there as a very small possibility that might be more Stimulus involved right there, but Japan 25 doing quite well. I presume a dollar yen is probably ticking above 120 right now So above 20,000 which is looking quite quite tasty there But the longer-term potential resistance is 20,868 uptrend channel still firmly in play First I'm a pattern to the other end and this is Matt these neutral as is RSI with almost slow stochastic Showing a little bit of negative divergence. They're actually something to be careful off, but we're in about 20,095 Was an old resistance level which now might be expected to act as What was a new potential support might act as potential resistance again? So let's try to drop that on there a little bit more actually there we go Okay, so moving on to dollar yen just slightly below 120 in fact Drough actually a bit of negative divergence between dollar yen and Japan 225. It's a little bit unusual actually But nevertheless looks to be run about 119 and this has been in play for quite some time as it seems to be kind of Oscillating around this level Most other technicals looking pretty neutral matter of fact everything's looking quite neutral As we begin just to get a narrow a narrow consolidation rate here run about 119 And it's a breakthrough that either bounce higher or break down below that that's gonna be the next phase for dollar yen Obviously if there's a rise in interest rates in the US anytime soon that could be the breakout catalyst So moving on to West Texas Crude at 2015 highs at the moment the conflict in Yemen the other unrest in the Middle East helping to push this back up higher But we do appear to be entering another period of consolidation a very tight narrow range between 57 and 54 spot 85 Technicals, you've almost got a crossover in the MACD You've got a cell signal in the RSI and very close to having cell signals for the stochastic So not that surprising after this little uptrend right here unable to break up that little bit higher But it's still something to bear mine. I think the most recent reg data that came out the US show There's a big decrease in the number of regs for exploration That's a positive for Crude all West Texas and you've had the US dollar wobble a little bit as well Which helped me push this up a little bit higher. So moving on to gold Gold had a great day yesterday bearish engulfing pattern after almost an entire month of slow declines Trading above the moving averages all the other technicals are flat lining all depends on the US dollar now 1218 potential resistance 1186 potential support now finishing up now with your dollar And GBP USD so your dollar touching this potential downward sloping resistance line One spot 07 86 is still the potential support level that also coincides with the 21 pure SMA Other type of technicals are relatively neutral if we do break above here This would be the first time it's actually made some higher highs of significance for the whole month So be interesting to see if we can actually just get above here So anything above one or 940 could be seen to be bullish in the short term as Greek try as Greece tries to Furiously tries to come to some sort of deal with his creditors That's adding short term potential support to the euro just as the dollar begins to continues to wobble on mixed data So looking at cable cables been absolutely smashing it as we're getting quite close to the general election on May 7th One spot 51 85 was a potential resistance from the broken one spot 54 24 the next potential Resistance technicals are moving into overbought territory not that surprising after this this decent rally is basically gone from 145 all the way up to 152 and a very short period of time so that's not that much surprising but one spot 51 85 could be the potential support level to be aware of if we do get a drift down there That could be an interesting springboard action So Mark a calendar wise today. We've got UK GDP. You've got US retail sales And you've got some CCI over in the US there make sure you got your recurring alerts set for that anything That's set here red. It's gonna be worth being aware of in fact. I have my alert set for there So let me just quickly add that on their recurring alert and if you fast forward on the Wednesday You got German retail sales UK house prices from nationwide and German CPI US GDP Actually got loads housing index from the US Weekly petroleum sales for those of you looking at Cuddle West, Texas, and you've got the FOMC Fed decision rate plus statement Due tomorrow at 7 p.m. UK time so that two-day meeting starts today Finishes tomorrow and that's gonna be a could be a little bit of an interesting announcement when details emerge Later on tomorrow. Well, anyway, join me again tomorrow to find out what happened next