 Hi, good morning and welcome to these products and focus most global markets are still on the downside you can see here It's the incredible volatility that we had there in the US 30 having spiked up Earlier on in the in the morning there after cut after coming off You see this massive rebound only to get pushed all the way back down again On the most aggressive moves have seen on the on the US 30 for some time where it's it's been up so much to only Retreat back down to negative territory. We're on the wrong side of potential support slash resistance at 175 46 Next potential support is at 17 and 361. This is a real real ugly candle formation we have right here looking at the UK one hundred the pain just got piled on later on in that session With that sell-off continued as a right and oil We've spelled over really hurting a lot of fair like BP shell Primary oil a number of other oil companies a lot of mining companies as well We've got big steaks and energy BHP real all the miners got really badly hurt yesterday as well And now we're at 6400 and this is quite negative as well could be broken below a psychological Level or well, let me just go ahead and draw that on that was a broken Potential resistance which now was expected to act as a potential support it didn't always had to know as a cap stopping the UK one hundred from breaking up higher 64 15 is that potential resistance level longer term potential support is at 60 73 and crude oil actually brought the $60 overnight, but we'll come back to that in a second Japan two to five managed to rally back up to potential resistance 17496 Again capped long-legged candles yesterday another longer like a candle today As dollar yen has managed to well the US dollar managed to make up some lost ground against them the Japanese yen But not a huge amount And we had some data come out from China as well, which was okay Retail sales was better than expected, but industrial production was worse than expected a real kid in mishmash And it looks to be that a lot of economies now are looking at this plunging oil prices being issued in regards to deflation Where they're worried that now people will not be buying quite so many goods and they want people to be spending more money and Obviously the price of oil impacts the prices of Consumer goods to certain degrees of people are buying the same amount but actually ends up costing them less that can have problems For the economy as well. So looking at dollar yen You can see the volatility we had yesterday We're trying to push on a little bit higher today The US dollar wants to go higher only the fundamentals behind the green back are are a lot more positive than you know The eurozone for example, we're talking about stimulus and cutting back Potential resistance is going to be at 119. We checked her head above their yesterday again there today Things cross we're actually able to get our head above that again to be able to re-challenge your 121 18 So moving on to crude oil west Texas I broke 5950 Which is obviously a level we've been looking at for quite a while the next potential resistance is quite a bit further away I need to go to my weekly charts here for a second to to really try and find something more suitable People ask me where is the floor in this obviously as wherever the Saudis want it to be I think you can probably pick out a level there of We're in about 55 dollars potentially Maybe you can even know it's probably to be fair. I probably have a run over here So around about 54 dollars 80 cents That's going to be as a next potential level for us to go ahead and have a look at so Could be acting as a cap now at 5950. It's very very low for crude oil. We know we're at 120 in a long go So very interesting to see that pans out goal has lost some of its momentum I'll be it. We are obviously still trading above 2018. That's going to be the next potential support This could be a retracement for us to be challenged 1242 only I don't think the rally in gold has got like a lot of longevity left in it Interest rates US dollar will come back into focus at some point Albeit there has been an extended period of profit taking after such strong rallies across most of the other FX markets So gold already down today got is quite volatile as soon as the safe haven status that elements come into play for Japanese And gold, you know, this could still be quite interesting And people are certainly looking a little bit more fearful out there in regards to the short-term moves on the equity markets Especially when you look at the chart here for the UK 100 It's not looking very pretty at all. So finishing up there with with your USD reversal yesterday Dipping dead again today as ever one spot 23 79 Is going to be that pivot area right below that we are looking at one spot 20 47 as an ex potential support level Now there's not much happening for the rest of December in regards to economic announcements But there is well even today there is PPI from the US and then the University of Michigan Consumer Sentiment Survey Which could be interesting if you're looking at dollar yen Your dollar a cable those are the figures you want to be aware of finishing up there with GBP USD Actually a little bit reversal compared to your dollar, but we had a rechallenge one spot 5743 It's ticking down ever so slightly now, but it's almost The last couple sessions almost a mirror image of what's come out of your dollar So we might actually have a bit of momentum here. So this could be kind of interesting as a potential breakout at one spot 5743 depends for the UK sits versus the other countries out there. So we've already covered coming out today Let's see what's actually happening on Monday Not a huge amount Tuesday You've got a whole host of UK data UK CPI PPI ZEW business report from Germany to view your dollar cable trader. There's certainly enough to keep you going I Can see the UK markets already opened up in the UK miners have taken another tumble well that shelled down again As the oil price continues to to hit equity markets right across the globe And we keep you on the chart form as ever make insides part of your layer and join me again tomorrow to find out What happened next?