 Hi, good morning, and welcome to today's products in focus. Most global markets have come off quite stongely overnight with the US 30 SPX 500, most American markets taking a big hit last night, down 1.7 percent, trading below potential support at 16401 We had a slight rebound this morning, but it does look to be capped, it's already hit that resistance and been pushed right back there And again, next potential support, 16178 and below that and moves much lower And we are looking at the technicals now We have more room to maneuver to gold oar and the fundamentals certainly are not very bullish right now as well So a lot of technical reasons for getting and for having a bit more of a negative view But there's also a decent amount of economic data due at today and tomorrow mainly Eurozone to some retail sales in the US as well ZDW report today, 10am UK time will be keenly watched by members of the Eurozone Watch the German DAX, the Germany 30 and the UK 100 So, the UK 100 today is trying to move slightly higher, the American markets are underperforming the rest of the European counterparts And they've had a little bit more of a bounce this morning But they're not out of the woods yet. Next potential resistance 6390 We are in the middle of two ranges, 6216 is probably the next potential support in the UK 100 Technical indicators are already oversold, so they've obviously come off a lot more than the American markets over the last couple of sessions But there's not yet a signal being given to to buy back yet So I would expect it to be a slight spike higher followed by continued pressure I end up that move towards potential support at 6216 If the fundamentals remain quite negative Looking at Japan 225 Very volatile session yesterday We've went from negative from positive into negative and today We've tried to have a bounce but being pushed right back down again probably followed by that move in dollar yen The end strengthening we are seeing some moves in gold as well unsurprisingly A safe haven assets become the order of the day. So we're trading below potential support at 14977 If we get a break and close below that, that's obviously quite negative, next potential support at 14219 So a fair amount of potential downside in Japan 225 should dollar yen Continue to reverse course. So having a look at that just now We have broken potential support at 107 spot 36 on dollar. Yeah, we got behind that 105 spot 44 Now is the next potential support that also be the 21 period SMA Technicals still show more room for maneuver and it's not a very pretty looking chart either after this huge matter Ups when we are building momentum to the downside. So again, we've had a bounce trying to move higher But looks capped by 107 spot 36 So that is a strategic level on dollar yen to be aware of and depending on your on your view on where the end is Gonna go next You'll leave you either be looking at 105 spot 44 or a rebound higher to 110 But I think that's a bit of a harder stretch in the current fundamentals So looking at cruel West Texas 85 dollars 65 cents continues to be the level to watch We've had three sessions now for that has been significant including today Looks to be the games might be capped in the short term as we build a consolidation here to decide which way we're going to break out Obviously next potential support is at 83 or 84 dollars fall all the way down at 77 spot 40 dollars and Saudi Arabia had privately said to a number of Crewed participants. They're quite willing to accept an 80 dollar barrel of West Texas. So we have a four dollar Potential downside to factor that in so I don't think there's going to be any cuts in production for West Texas anytime soon So looking at gold is having a good resurgence right now And we are just trading just above potential resistance in the very very short term And things are if you actually have a look at this potential level right here We are pretty much bang on there at 1235 and if we get a break above that we are looking at 1267 as well So trading above that 21 period SMA. We are also looking at the next 55 period SMAs all the way a lot higher here We've not had any big push through it above 1235 But certainly we are seeing a lot of resurgence after being all the way in the adult drama turn about here so There are for the fundamentals are obviously helping to to promote that as long as there's uncertainty yen and gold will continue to Be in play so looking at your dollars So as time goes on it looks less and less like the US going to raise rates anytime soon So it starts getting priced out of the market But then the Eurozone is not really that great either, but they're they're probably more likely to cut rates and do QE in the future So You'll dollars a tougher one to call Obviously, there's a lot of volatility does look at one spot 2746 as the potential resistance again strategic level to watch This will be the pivot so we're going to break above that and go and re-challenge 130 or this is going to remain Remain in place and we'll be looking at the sub 120s again So finishing up with GBP USD You know the trend is kind of really speaking for itself right here looking very bottom-heavy One spot 60 0 9 is the next potential support for about one spot 50 917 We are you know the trend here is quite easy spot and down trend and move down down trend down so I could I could almost kind of imagine we would We would get closer to one spot 5742 followed by another another arch But again, it depends on the fundamentals so today It's Tuesday, so we've got a whole host of UK data You've got CPI and RPI due to make sure you've got your recurring alerts set up for that and We've got the ZEW business report as well, which is always going to be keenly watched so again your dollar your sterling and The Germany 30 will be good to look at and we fast forward on to Wednesday. We've got Chinese CPI Which will be again, I'm gonna set my recurring alert for that one as well And we do have jobless claims in the UK and their PPI and retail sales in the US. So again, I'll obviously all keenly watched there as well And then we do have some crude oil data on Tuesday evening at 9 30 as well So keep your eye on the chart form make it as popular going forward and join me again tomorrow to find out What happened next?