 Hi, good morning and welcome to today's products and focus and pretty much what the markets are putting a lot of their attention on today is the fact that no freeze in production came out of that big door oil conference and that's caused the West Texas crew to drop down. Well, it was done 5% lower on this morning. It's recovered a little bit since then, but it's had wide reaching ramifications across the rest of the world markets, mainly in commodity kind of dominated currencies like the Aussie, the Australian dollar and the Canadian dollar and you've now had a flight to safety on the Japanese yen. So the dollar yen has dropped back down to about 108 and many of the other commodity related currencies have taken a bit of a hit there as well. Equity markets, firmly on the back foot this morning. I think most commentators are kind of hoping that there would be some sort of deal reached and it's just had a short term bit of negativity to the markets, but that little bit of volatility does potentially open up some extra opportunity. So that's pretty much what we're going to be talking about for today. You know, they will eventually I'm sure come to some sort of agreement. The question is when is that going to happen and the volatility of West Texas crude, I can really catch people on the wrong side. So just be very careful out there. So let's go ahead and have a look at things from a technical perspective. Okay, so let's give you a bit of an idea of what to expect in regards to the technicals. And you can just see that we've had a big spike to the upside last week, a drop back down as we failed to break through resistance. And you can actually see today, the market has gapped lower below potential support at 1787. And now we're getting that little bit closer to that 21 period SMA. So a gap this morning, traders who are long probably got caught a little bit unawares by that 82% of CMC markets clients are currently short. So they must be actually pretty happy. In fact, most days that we've been recording these videos, the clients have been firmly short. So moving on to the UK 100. And you can see a similar gap through potential support at 6323, a much longer candle. So the negative is a little bit bigger. And you consider the fact that the UK 100 only has a value of 6200 NUE. That makes that move a little bit more pronounced down almost 1% 55 points. 6220 is the next potential support level with 67% of CMC markets clients currently short. The technicals are relatively neutral. Moving on to Japan 25, a big, big gap lower as that Japanese Gen is getting a lot of extra momentum this morning trading below potential support at 6384. 87% of CMC markets clients are currently long. They're obviously hoping that there's going to be a rebound higher. But that gap probably hurt a few people this morning. The other technicals are relatively neutral. Sorry, my apologies. Moving on to dollar yen, you can see that big gap lower coming up close to potential support. If I just go ahead and put my potential level there, 107 spot 67 is the potential support level to be aware of potential resistance at 110. 81% of CMC clients currently long. So they're hoping there's going to be a bounce looking at the overall trend. There's a lot of pressure on there. If we break below 107, then you're looking at 105 spot 44. Nearing 18 month lows there on dollar yen. Moving on to Crude Oil West Texas, massive gap lower. Really ugly candle actually. It's gone from 40 down to 37. That's a horrible, horrible gap. So it's down 5% on the day. It was even lower. It's down to 37 spot 59. It's a little bit off those session lows already. Trading below the 21 period SMA. Breaking close below 37.59 opens up the next potential support at 34.24. We should also coincide to the 55 period SMA. That's a horrible, horrible gap to have, but it was always going to be the risk when you had the meeting over the weekend and everybody knew that meeting was going ahead as well. So have a quick look at gold. Gold, we're still, if this has a head and shoulders formation, we're waiting for a potential break of this neckline that would open up 11.91. Otherwise, we've probably got a ascending triangle formation with 1307 as a potential level, but gold's not really that exciting until it gets more directional. And then finishing up with Eurodollar and GBPUSD. So Eurodollar cap for that potential 21 period SMA. The last two candles there are showing a little bit of strength pushing up, but it keeps getting hit back down by these long-legged candles. It needs to close above the 21 period SMA if we're going to have a re-challenge once about 14. We have had a sales signal on the slow stochastic. Everything else relatively neutral. 73% of seems to marks clients are currently short. And then finishing up with GBPUSD, still in this descending, potential descending triangle formation, making a series of lower highs. One spot for a 80 as a potential support level. If we break and close below that, you're looking at one spot 38, 36. Otherwise, you're trying to get a break above that potential resistance to look at alongside. In regards to economic data, let's have a quick look at the market calendar. And not a huge amount out today. Tomorrow, you've got the ZEW business reports and housing stats. And then on Wednesday, you've got trade balance data from China, employment data, existing home sales, of course, the petroleum data as well to round things up. Well, guys, that's it for me today. Very good luck with your trading. And join me again tomorrow to find out what happened next. Thank you very much and goodbye.