 Hi, good morning, and welcome to today's products and focus so looking at the US 30 there We did have a rally late and to Friday closing the top end of the range But we've had a little bit of a reversal This morning a failure to break through potential resistance of 17 5 46 And this candle is we were much higher at the start of trading We've come down a little bit matter-of-fact the US market is underperforming the Germany 30 and the UK 100 that are both just checking up there that little bit as well, but Just to restart the session is a Martin Luther Martin Luther King day in the US So I'm expecting quite thin trading and in America And most of you're out taking the center stage this morning So looking at the UK 100 you can see there's really strong Bullish engulfing pattern right here stopping bang-on potential resistance again at 65 89 This does seem to be a significant level you can see mop points there Where it's touched and either broken through or touched and bounced off it there and Friday was no exception that also coincides with the 55 period SMA the other technicals are quite neutral I really needs to get a break and close above 65 89 if it's going to break a little bit higher But we are getting closer to the ECB rate decision on the 22nd Which is obviously the whole whole reason for the potential SMB move on the Swiss franc there last week So many commentators are pretty much thinking it's a done deal if it doesn't happen Your dollar is gonna be very interesting to have a look at but we'll check that chart in a second look in Japan 2 to 5 We have seen the stabilization and dollar yet at 117 So most other markets have had a decent Friday there you can see Japan 2 to 5 also dead drifting a little bit lower this morning I think you can almost get away With drawing a trend line in here now And let's see how long that remains and play because obviously that that seems to be in place since the end of December We'll see if that is going to be descending triangle formation usually continuation patterns of the that holds true The bias would be for a break below 16392 should weakness in the equity markets come back in so actually looking at dollar yen We're back above 117 sport 36 cap by the 55 period SMA The MAC D's just crossed the zero line or as most other technical indicators relatively neutral So the pressure would still remain on dollar yen So if we do see further weakness and equities and people have a flight to safety to Get the Japanese yen that could open up move down to one 14 spots I think for and the movements that we've seen it in gold over the over Friday as well as and to give a The fact that a trader should be quite quick to jump into safe havens on any Sell off inequities, so let's see what happens in the next couple days Obviously, we'll be quite quiet today because of the US holidays and there's not a huge amount of macro data out today If you fast forward on tomorrow, you do have German PPI and then German ZDW business report At at 10 and then Wednesday We do have an unemployment claims and then Thursday, which is 22nd. You've got the ECB Decision of quantitative easing there's so much data on on Thursday That promises to be a big day and then on the 25th You've got the Greek elections and obviously we are looking at certain parties over there specifically the anti bailout Theresa Party which will be quite keenly watched by traders of your dollars. So there's a lot of stuff coming later on in the week So moving on to Crudile West Texas Not really doing a huge amount Following this candle is quite surprising to see that Crudile managed to eat at almost 5% gain On Friday, which is quite impressive But it's drifting a little bit lower again this morning. It does potentially feel that we are making a little bit more of a Kind of floor here on crude oil Let's just split the difference say around about 46 to 48 dollars We have been bouncing around there the last couple of days You can just see the tip of this candle here. We've been let's just say it's 47 dollars. Okay We this could be an interesting part of the area depending on your viewpoint on West Texas For as long as it doesn't break below there. We are seeing some significant interesting moves The longer term potential resistance that remains at 35 dollars But 47 feels like a very interesting number to keep an eye on so looking at gold, which has just had a crazy couple of days following all this uncertainty and Obviously, you know, there are a lot of people over in Switzerland probably buying lots of gold to hedge against their appreciating currency We've now broken 1273 That now could be a springboard a launch pad for tackling levels higher up And we actually have to go a fair bit higher now We're looking almost at $1,300 at 1296 the next potential resistance level on On gold I would attempt to actually clean up this chart and remove some of these levels But they're all quite key levels to to be aware of so any retracement down to 1273 Could be interesting springboard to check to tackle 1296 and you can close below that opens up move towards 1254 Technicals are all over but that's not surprising but not yet giving a signal to sell So no negative crossover. No early signal of reversal as of yet. So strength that remains. So euro dollar Came off the lows from Friday Longer term potential support at one spot zero seven eighty six I've actually gone all the way in marked all these levels down had to go into my monthly charts to identify these levels This would be close to parry is below parry right here and that levels from quite some time ago So we're still at 11 year lows on your dollar Any move up to one spots 1642 could be a retracing move or a traceman where people might look to take short positions around But here Targeting a lower value or if you're more bullish on your dollar 1872 could be the next potential resistance But I can't imagine your dollar doing too much before the 22nd of Jan where anything is possible depending on One will do QE and to how much QE will they do and they're finishing up the GP USD Wrong side of one spot to 185 target one spot 48 13 All depends on the next Mac data from the UK and the US and I said there's not a huge amount out till Thursday So that's not really that interesting today. I think your dollars quite quite cool Goals always interesting to have a look at and obviously some of the equity markets are cool, too So having a look at the chart form as ever if you're looking for technical trade setups for our global analyst team Make insights part of your leg going forward and join me again tomorrow to find out what happened next