 Hi, good morning, and welcome to today's products and focus absolute blood bath in the market yesterday But we were far off the for the market was exit the Dow went 15 846 on slow down fears real weak data coming out of the U.S It retail sales PPI are both down We've actually got US jobless claims and the Philly Fed index later on today as well and cruel inventories for those of you That are interested in that market which is now trading quite close to $80 as we speak So there's been a bit of a rebound this morning But we are poaching potential short-term resistance at 16 months 78. So on the back of yesterday's sell-off We can now kind of redraw the playing field so to speak And there are a number of core levels that you probably want to be aware of So we did break below 59 82 so we break below the psychological 16,000 level But then we close a little bit higher today I'll be very interested to see if we are if this 60 months on a acts as a cap Which will end up putting pressure on the US 30 after all nothing has really changed since yesterday Perhaps slightly overdone US jobless claims and Philly Fed index could be a catalyst jobless claims will probably be okay Philly Fed will be the kind of the figure to watch today not not normally something that I go ahead and look at too much But we are talking about market sentiment right now. So that's due later on in the afternoon So expect 59 82 to be the next potential support if we do have a move to the downside And we're still not in Philly oversold territory on the store stochastic or the RSI so on the technicals We still have further room to move lower if we want soon So you came on 100 bouncing above potential support F sorry potential resistance last support 62 16 next potential resistance would be 63 90 I don't think we're gonna get there anytime soon. If you look at this level right here Which was the low from Monday the 13th that looks to be 62 70 Could be the short-term potential resistance broken support now acting as resistance. This could be the catalyst in the UK market has just opened So again technical indicators RSI not quite actually fully oversold slow stochastic. Yes Mac do not yet providing a crossover for any buying interest So keep I keep an eye on the shorter time frame, but certainly 62 70 could be an interesting level to look at today Japanese market won't be feeling the love after the movies. We saw a dollar yen So volatile we had a massive move to the downside with dollar yen shot right back up again and move right back ten again So as that yen, so you've got a certain to the market. That's where in Japan to do five yen buying on safe haven Safe even interest also going to be hurt in Japan to do five So we're below 14 977 which is the potential support now acting as resistance next potential support 14 2 1 9 Moving on to that dollar yen move savage move yesterday We actually Broke below the 55 period SMA look to be acting as short-term support. You can even see today's candle. We're off today's highs Pressure remains look at 104 spots 75 as an expertise support Mac the about to cross the zero line and the RSI and slow stochastic showed there as further room for movement to the downside So just be very careful of the volatility. So looking at cruel West Texas again Looking at this level we almost we got to 80 spot 20 yesterday the psychological levels obviously $80 But the real potential support is at 77 spot 40 Technicals are massively oversold But yet no signals to sell is not yet crossed over the 30% level of the RSI or the 20% level of the slow stochastic We do have obviously crude oil inventory due today at 4 o'clock came in slightly later It says net change as you can see I've already got my reoccurring alert set there This is going to be interesting To look at so moving on to your dollar your dollar had a massive spike after the basically the US are not gonna be raising rates Anytime soon while these figures are coming out in negative values, and we actually had some horrible data yesterday PPI and also the retail sales. So the Treasury bond yields are now pricing in a rate hike in 2016 rather than June 2015 So you're seeing a massive unraveling of the US dollar long positions right now But to be fair you're not really looking that strong and GBP not really that special either And they guess dollar yen will be where a lot of credit will be looking if we see continued uncertainty continued volatility because of the safe haven aspect of the yen versus the USD And obviously we've come off the session highs there look for potential support once bought 2746 We are in the middle to range right now But the pressure will be on your dollar after this extended move to the downside to start to tick back up So one spot there a zero zero could be the next potential resistance to be aware of depending if you're bullish or bearish on the dollar So putting up with GBP USD Yep trend still firmly intact there. Sterling's not really Wrestling control from the USD here But there is going to be a little bit of potential weakness in the US dollar for as long as the fundamentals come in week So jobless claims today if they disappoint filly-fed disappoints expect the dollar to take a bit of a bath and reverse course every slightly But sterling dollar isn't that strong of these figures coming really really strong We'd be very very surprising. I guess looking at the chart here sterling dollar could be one that could benefit from Downwards momentum right there. So Sterling not really looking that strong against the US dollar right now So mark a calendar wise we do have jobs to stay at 130. Make sure you've got your recurring alert there We do have your zone CPI data Which are obviously a slight effect on your dollar and the DAX DAX Had a really bad last couple days to be fair if rebound a little bit this morning You see the indices here the UK markets almost a percent but it's making up lost ground We are actually at the highs of the day across most Endesies as well. So People will be waiting for the start of the US market take a cue from that and obviously waiting for the jobless claims and the FED data due later on today. Keep your eye on the chart form as ever make ends as popular going forward and join me again tomorrow to find out What happened next