 Hi, good morning guys and welcome to today's products and focus as you actually be able to see there the US 30 has Had a slight relief rally Kind of when I haven't come down a fair amount smashing through the 21 period SMA During yesterday's incredibly volatile session But we have managed to get quite close to potential resistance at 69 69 And obviously the markets came off quite strongly yesterday as kind of news fell out of Europe that a Portuguese bank Banco Esperanto Espirito has got a lot of kind of family debt issues or they've got a lot of exposure to some risky assets Causing a 20% drop in Portugal's biggest lender and Was the ripples of that or a catalyst for for big moves in Big downwards moves in banks and insurance companies right across Europe yesterday, which then also impacted Wall Street Now what we also had is a double family of really low industrial production coming out of loads of European Centres yesterday Which caused big jumps in gold lots of yen buying safe even aspects and obviously that big sell-off and equities now What I can see US markets bounce back strongly European markets Well, Germany theory in particular looking rather weak this morning So have a look at that in just a second So this is a level to have a look at on the on US 30 definitely stronger than the European indices S&P 500 SPS 500 sorry and US 30 actually recovering quite strongly from yesterday's broad sell-off Looking at the UK 100 I was looking like a right dogs breakfast at the start of the session We're actually trained below 6 6 6 6, but we managed to get back up above there run between two ranges But we are not out of the woods yet the product I really want to show you is Germany 30 which is not recovered Really that much at all as looking particularly weak. There's actually quite a few chart form updates We've done here last couple days. Let me just make that go full screen This is a really aggressive sell-off that we had here now. We're slap bang in the middle of ranges 94 25 is the next longer-term potential support potential resistance remains at 97 89 Germany 30 is going to be in focus today I think this is where you're gonna get a little bit of volatility if we do begin to see a sell-off in the markets I am seeing a little bit of growth in the US markets that might just drag everything else up But do keep your eye on that throughout today's session So Japan 2 to 5 hasn't really been feeling in love because of all that yen buying We did get an eventual break of that he sitting triangle formation. It's almost perfect from a technical analysis perspective We've got that big breakout. I went down to potential support at 14 977 only to bounce back up And if you notice there, we've stopped dead on the broken trend line the broken potential trend line Which I think is very interesting now looking at dollar yen and your yen They're in the middle of a range right now So I wouldn't be surprised of towards the end of the session with everything is happening over in the Middle East right now with Israel on the Gaza Strip and The lack of any economic data and I was heading into the weekend I wouldn't be that massively surprised if there's pressure on equities and You know potentially a bit more Gold and yen buying towards the end of session But we need to see how the rest of the session transpires because we are looking a little bit more bullish this morning So keep an eye on those markets. I think they'd be very interesting. So looking at dollar yen in a little bit more detail We firmly broke through 101 spot 35 yesterday. We actually went all the way down to about 101 spot. Oh wait It's actually 100 spot 80 is the next potential support I think that's something that people need to be looking at if you are a believer that there's fear in the markets right now and That there are there's a lot of pressure out there then people should be looking at yen They should be looking at gold if you're on the opposite direction You think you know this is only short term that us and earnings are gonna be particularly good Then keep your eye on the indices, you know the US 30 is certainly performing a lot better than some other markets out there So lots of interesting indicators out there. Look at gold. Look at yen. I'll tell you exactly what's going on So moving on to Cuddle West Texas It's been very volatile last couple sessions as ever and this is why I really love technical analysis with break out break down on Wednesday With a reversal right back up yesterday and Thursday look for stops bang on 103 And what we're doing again today. We are resuming the downwards move So looks to be that one with three is a potential resistance in the short term and that'll be a very interesting Level to look at over the next couple of days. So moving on to gold gold had its Breakout above 1332 smashed it actually but then gave up some of the gains as the relief rally kicked in for equities And people could have really couldn't realize that a small a Minor European Bank in Portugal is not the end of the world But it is as a catalyst for other big moves. We are now above 1332. That is the next potential Broken resistance now expected to act as potential support. Okay, so this could be the springboard from move up to there in 62 I've a bit of that fear returns. Okay, so we'll see How that continues on through it today. So your dollar continuing its move back That is a little bit unfortunate to be fair But with all those industrial production figures in Europe just really disappointing yesterday It's not a massive surprise resistance at one spot 3645 is held We are showing long-legged candles along the bottom these areas right here So that's indicative of at least some buying interest from to get close to one spot 3568 in the middle of two ranges right now I'm not too bothered about your dollar and GBP USD has slipped a little bit as well on the back of that disappointing UK data that came out We were unable to breach one spot 71 84 We're looking a little bit weak just now a little bit of pressure on there It's not that that decent. So If you're interested in effects keeping an eye on dollar yen euro yen that type of stuff So there's no economic data today. I've had to fast forward on to on to Monday, which will be the 14th Nothing really that exciting. Let's go on to Tuesday. Then you've got some some CPI data from the UK And RPI data as well, which will be good for for cable. Keep your eye on the chart form as ever Look at insights for updates from a global analyst team and join me again on Monday to find out what happened next