 Good morning and welcome to today's products and focus US 30 managed to almost reach quite close to no time high yesterday Getting to potential resistance as 17998 though to be fair We do need to Rehighlight the top tip of this level here on the 26th of December Which is a little bit above 18,107 as that will be the next potential resistance The US market already has been down a lot lower this morning and it's made up some lost ground It's quite a volatile start to the session. Lots of volatility actually just towards the end of their session last night And again this morning because you can see we're already off the session lows and pushing on a little bit higher New but I guess the big news every kind of suggesting today is that Greece and the Eurozone leaders did not come to any type of agreement They're they're past 12 o'clock last night The Euro was quite volatile Late on the session last night It looked like they were going to potentially come out with a joint statement that didn't happen Which involved a little bit more volatility market still seems to think that even though there'll be lots of shouting about this That eventually a deal will be reached Certainly the moves that we're seeing in the across most of markets this morning seems to be kind of back that up that Eventually we will come to some sort of deal and the US 30 having had a particularly good session there yesterday is Certainly on the up So looking at the UK 100 These four last sessions Since Monday these long-legged candles are indicative of very strong support quite close to potential support at 67 71 These are all kind of hammer formations after a little bit of a many sell-off So cut an unusual series of patterns to see actually from a candlestick perspective for it not to eventually push up higher When you have these these formations right here, but long longer term potential resistance of all-time high is at 6906.8 and looking at these candles here should agree still be reached I think they have to this week to do it. Maybe till Monday The UK 100 looks to be well positioned to take advantage of them So moving on to Japan to do five another good session yesterday a little bit of profit-taking this morning Dollar yen comfortably above 120 I up 121 will come back to dolly in a minute As that dolly yen pair begins to continue to move north And obviously above 121 and change opens up 124 Japan 225 has a very good possibility of breaking through the next potential resistance at 18 306 Obviously it depends on the current macro fundamental data coming out of the US Which will drive that dolly and obviously over Japan as well, especially if they embargo more stimulus, which isn't planned But you never know So looking at Japan dollar yen We actually closed at the top end of yesterday's range Very bullish end to the session But we've not had too much follow-through this morning 121 spot 87 is the December high And that's running about the 8th of December that was done then after 121 87 is 124 42 So we have a long way to go before we actually get to the top end of that dolly yen potential resistance level But we have broken out of a quite a you know a multi-month consolidation area So there certainly seems to be some bullish intent and that moving dolly and the fundamentals certainly support a dollar Versus the Japanese yen But not so much versus GBP and your dollar at the moment. So moving on to Cuddle, West Texas Cuddle inventories again smashed West Texas record Amounts of story of stocks and storage Of that off crude right across the US that caused about three and a half percent drop And that's taking the pressure off a little bit from news that OPEC and not OPEC countries might be meeting at some point in the sun to discuss the current oil price and the deteriorating situation in Libya and obviously what's happening over in Ukraine as well Which is adding a little bit of support on to on to could We're off the session loads from yesterday But we're not really moving That's strongly one direction right now on the entry day charts. It's creeping forward, but it's worth keeping an eye on So looking at gold gold continues to fuel the pain Had a real bad day yesterday actually closing towards the bottom of his range breaking below the 55 period SMA were currently at support at 12 18 and I think that's why we're going to continue to see a little bit more momentum and dolly in The gold is giving the signals that people are expecting a stronger USD higher interest rates Why it's not really impacting cable and your dollar is an interesting one But from an FX perspective If I look at your yen or dollar yen, and they have a look at gold That perhaps gives us what we need to know about the intention of the markets and the US dollar going forward so the fact that this is broken key levels and the two Separate long and short SMAs and if you have a look at the technical indicators here There's actually still further room from maneuver to the downside. We're not even into oversold territory yet We could be looking at one 1886 should that support level be broken and as the US data continues to actually Impress after the long farm perils last week. That's what people really looking for today There's a lot of macroeconomic data out of Europe and the US today and should the US continue to Revitalize itself in regards to these date releases Dollar yen and gold will be the ones to watch So moving on to your dollar. This one has perplexed ever so slightly looking at these candles I think until we actually get a decision out of the eurozone your dollar is not going anywhere It's actually apart from these four days here between the third and the and the sixth It's been pretty flat right about one thirteen twenty four And with the macro data today, maybe we might get a little bit more direction But I think until the the eurozone increase come to some sort of agreement Nothing's really gonna change there So looking at cable to finish things up again one spot 51 85 seems to be the level we've been below it We've been slightly above it But we've always been hugging around about this level as the moving average you begin to flatten out ever so slightly Technicals still have room for maneuver. So we could be looking next potential resistance one spot 54 24 If the sterling manages to continue its upwards momentum Failing that one spot 48 13 is the next potential support as ever not much else to change here So economic data wise we've already had some data the way of Germany all coming in as expected It's slightly boring, but moving on to the production. That's due at 10 Make sure that you have your alarm set for that I've got sent my reoccurring alerts for for that one no problem And then we've got the u.s. Employment data 130 and retail sales at 130 as well So some decent bits there and then Friday. We've actually got a couple of this you've got German GDP Eurozone GDP and then to finish things up not as important as perhaps at once was but you've got the University of Michigan sentiment index data due out at 3 p.m. UK time as Ever keep your eye on the Charif forum making sites popular going forward and join me again tomorrow to find out what happened next