 Hi, good morning, and welcome to today's products and focus well the markets have had a little bit of a rebound this morning after yesterday's slight Negativity, so we bounced off potential support at 17 seven three eight and we do currently a bullish and gulfing pattern Most of the markets are moving slightly higher Especially the UK one hundred is having a particularly strong spike this morning, but they've come off quite aggressively yesterday So trading above both moving averages We did have sales signals and other technicals right now, but we are trading in between two ranges the question is can we be challenge 17 895 and that's the next potential resistance on the US 30 So moving on to the UK one hundred you can see we're having absolutely fantastic Billage and gulfing pattern just now smashing through 66 86 iron up 67 71 again trading above that 21 period SMA and The other technicals are still slightly overbought to be honest But we are having a real good attempt to break higher a little bit off the highs of the day But it's looking pretty aggressive this morning. So I'm hopefully able to recoup some of those losses last couple of sessions So looking at Japan 2 to 5 and we're still seeing some interesting moves in dollar yen last night So dog come off ever so slightly, but it's a surging higher again Japanese yen losing a little bit of steam out there, which is punching Japan 2 to 5 Really above 17 896 and it's now looking at 18 306 and some really strong technical breakout We were having right now and it's breaking above yesterday's candle Which obviously got beat all the way right back down as dollar yen had slightly and why I'm wearing some of its strength but Let's have a look at that thought the end position as well. So I'm looking at this We're having a re-challenge of a 118 or maybe really 119 really we managed to just peak above it yesterday just to move right back down again We're having another re-challenge again today on the reddit charts It's giving another bash right as we speak the technicals are obviously massively overbought. That's not a huge prize The longer-term potential target is still 124 42 anything above 120 is not so great for the Bank of Japan So just be very wary here, but it does look right like we're having another go at it just now So things looking kind of encouraging on the FX front I like a lot of traders will be looking at dollar yen later on today So many traders also looking at crude all west Texas that managed to have a real strong bounce yesterday off of 64 dollars I'm up. It's right. That's on the weekly chart. Let's go into the daily chart there I had a really strong bounce there yesterday. It's not really following through today Which should be slightly disappointing to be honest after yesterday's it's a very very strong hammer formation Billion gulfing pattern on the previous candle as well resistance at 70 dollars looming Large and the horizon perhaps been some traders off a lot of traders We've made it quite a few percentage points gains on this candle there yesterday to be fair nothing much has really changed a better rebound Some people probably buying while crude oil is cheap, you know 64 dollars the same for the same for most commodities Actually people buying up copper gold silver crude oil for the like for the long long term I think the reality is there's nothing really changed Since since Monday morning, so, you know, it's just a dead cat bounce. It feels like it could be For as long as we're not trading above 70 dollars spot 40 You know that that's what a lot of trading the thing that you can push this back down again Not only when traders can see smell blood in the water. They just keep on going for it And things have not really changed is cheap historically But there's maybe a little bit of extra room for maneuver that the further the next potential support level after 64 is 60 dollars and perhaps then things are slightly a little bit more interesting, but we'll see that pans out So as you can see that unbelievable move and gold yesterday, this is absolutely Incredible going from close to 1137 Smashing up through 1186 and actually hitting 1218. There's one of the biggest moves in gold that I've seen a long long time a Real acceleration to the upside right here, but then a strong reversal again this morning So 1218 is certainly next potential resistance next potential support is at 1186 I'd be hugely surprised if gold was able to maintain this this type of momentum and break up even higher But this is certainly a free candlestick formation. I've not seen a day like that if you go back many many months You know, you can see some days at this in April last year July last year Very very interesting So just be very careful with gold. It's probably going to come off a little bit today a lot of volatility to be found So finishing up with your dollar and GBP USD this move into the downside and a little to two ranges 2367 is an X potential support potential resistance at one spot 25 79 Fundamentals are still negative for Euro more positive the US dollar and then if you finish it up with for GBP USD similar similar kind of viewpoint still in downtrend cat by one spot 5743 Next potential support one spot 5599 so economic data wise very light on the On the back reddit front today fast forward on tomorrow. We've got more Chinese PMI data US housing index data More PMI from the UK More PMI from the US and crude oil inventories on Wednesday, which would be very interesting with West Texas crude So not much today a lot more stuff happening tomorrow Keep your eye on the chart form as ever make insights partly going forward and join me again tomorrow to find out what happened next