 has come across the weekend. One, you obviously had your non-farm perils there on Friday, came at 151,000, slightly below expectations, not an absolute disaster, and unemployment dropped as well. So interest rate of hikes in the US, not a completely done deal, as in that they are very, very likely still to have interest rate of hikes in 2016. A few people were thinking if the non-farm perils figure came out so bad that it might put interest rates off the table for the entire year, but that's certainly not the case. So we did see the US dollar gain a little bit of extra ground towards the end of the session there on Friday. The thing that a number of commentators are talking about, again, is the price of crude oil. And the interesting conundrum that's come about. So at the weekend, you had the Bank of International Settlements coming out with a statement along the lines that crude oil, the value of crude oil, runs a risk of dragging the world economy into a vortex. The way that comes about is that the oil-producing countries have a certain amount of debt that they've got to pay back. And what's happening right now, and OPEC always says, oh, why can we not cut production, cut production so we can go ahead and increase the value of oil? The reason why that doesn't really happen, it's not really for market share. What's down to the fact that these Gulf producing states have to sell twice, three times as much oil now than what they had to previously when crude oil was back at about $90 a barrel just to service their debt. So they can't afford to cut production. In fact, they have to keep on ramping up production to sell even more crude to be able to pay the bills. And what's kind of really happening is potentially there is this bubble forming for all the storage that's available for crude oil, almost getting completely filled now, there will come a point where they keep on producing so much oil that just nobody wants to buy it anymore. And if crude oil then can completely tanks, that obviously has ramifications across the wider financial economy because then a lot of these oil producing states that they can't sell oil even at these cheaper prices, they can't service their debt. And it has a kind of a systemic impact across the rest of the world's financial markets. So the thing that a number of traders should be looking at, you should be looking at equities, you should be looking at the MACRA data, but the real big one is what actually is going to happen with crude oil. Now, with China off on holiday for the Chinese new year, we're not expecting to see a huge amount of volatility first thing, but this is a problem that's not going away. Though crude oil has managed to build a base around about the $30, $29, $28 a barrel. If we start to get below 27, I think that's when things get a little bit more dicey. But that is a big theme that just is not going away anytime soon. So for traders out there, when you're thinking about should I go longer, should I go short, keep an eye obviously on that value of crude oil and the volatility you've seen in the crude oil price is up 5% one minute, down 5% the next as testament to how important that commodity is as that barometer of the world economy. And that gives you an overall view as to its importance for the rest of the financial markets. So that's the fundamental themes. Let's have a look at things from more of a technical perspective starting off with the US 30 as ever. So as you can see there, we had a failure to break through 16, 4, 60. We actually did rally when the four non-farm pales came out, then reverse course towards the end of Friday as reverse course quite late in the session. But I just jumped onto my five minute chart. You'd be able to get a chance to potentially see that in more detail. So this is about 11 o'clock. When we get down to when non-farm pales came out, you can see this initial drop, then arise, and then I moved back to where we are right now. Currently, CMC markets clients are currently 68% short. Moving on to the UK 100, 67% long. And that's because we're getting quite close to potential support at 5768. We're on the wrong side of that 21 period SMA. The other technicals are neutral, part of the MACD that's almost got a negative crossover. As you can see, the histogram there has gone down. So there seems to be a little bit of short term negative pressure on the UK 100. Though we are in the middle of two ranges, we're closer to the support than we are at the resistance. Moving on to Japan 225, 62% of CMC markets clients are currently short. We've seen actually a bit of a rally in Japan 225, capped by that 21 period SMA. We're on the right side of 6896 right now, though we have been lowered there on Friday. We could be looking at the tips of these candles as the next potential support if this one here doesn't remain active. Moving on to dollar yen, 52% of CMC markets clients are currently long. This is a very, very volatile one right now. This is the massive spike, then a huge massive sell-off, 116. Undoubtedly, if you look here and here and here as a strategic potential support level to be aware of, the other technicals are relatively neutral apart from the MACD, which is giving a sell signal just now. The tips of these candles are indicative of selling pressure as it tries to push on higher. You might see some yen buying if the markets begin to come off, but this is dollar strength in the back of the unemployment rate coming down there on Friday. So we talked about crude oil a lot. And as you can see, we are potentially capped by the sloping potential trend line. We're on the right side of that 21-period SMA. We do have resistance maybe capping further gains if we're trying to get back up to 35. 26, 72 is a very, very important strategic level. You'll be looking at the tip of this candle here in about 28, 71 is the next potential level. Crude oil is going to be so important over the next couple of weeks and months. Moving on to gold, gold has been going crazy. So 11.91 is the next potential resistance. So if interest rates are still happening in 2016, if non farms really wasn't that bad because unemployment rate is so low, why is gold just cat-pulled up? Now it has come off a little bit today. We are trading at the bottom of the range. 63% of CMT Marks clients are currently along and we're miles away from the nearest support, which is all the way back down at 11.31. But I guess the fundamental fact is buying gold, you do have the safe haven aspect, interest rates sensitive. If they are going to raise rates, it's probably not going to be towards the end of the year anyway. So maybe part of this strength is the fact they're just not going to raise rates the first half of 2016. But 11.91 is the next potential resistance level. Don't expect lots of volatility as ever. Moving on to euro dollars, 74% of CMT Marks clients are currently short. Massive technical breakout there last week when we broke out this metric triangle formation. One spot 11 is the potential support. The tips of these candles would be the next potential resistance. In fact, I have to go on here. I think you probably have to start taking these points here. So we're in about one spot 15 will be the next potential support miles away from there right now. But one spot 1110 or one spot 1105, sorry, is the level you want to watch out for as a potential support. If we do retrace back down, this level here could be kind of interesting. And then if you finish up with GBP USD, not a huge amount happening. We did have this big massive rally last week. It's kind of stumbled we're on the wrong side of one spot 4565 right now. If we do retrace up to here, this could be a strategic pivot. So those of you that think that the rally is over, people could go short here target here. If we break through one spot 45, you could go long here and target here as a potential as a typical technical analysis breakout strategy. That's what you can look at. Same as your clients are currently 80% long. So they're obviously hoping for for that move to the upside. But we are on the wrong side of potential resistance right now that the technicals are relatively neutral. We have a look at my market calendar for a quick second. So what I can market data due there's a big absence of anything of significance today. Fast forward on tomorrow industrial production from Germany. And then Wednesday, you've got some Chinese data, broad money and two and money lending, new year on loans, manufacturing output and the petroleum updates from the US as well. Well guys, that's it from me. Very good luck with your trading and please join me again tomorrow to find out what happened next. Thank you very much and goodbye.