 Hi, good morning and welcome to today's products and focus and we have a very interesting kind of formulation of all the different markets all kind of coming together right now Whereas yesterday we actually saw gold prices spiked that much higher Usually indicative of fear in the market and then you have kind of equity markets is slowly just kind of grinding higher They've had a great last couple of days But yesterday they pretty much kind of flatlined and there's a few things that are kind of bouncing around right now Some common themes that you guys want to be aware of obviously every's are all still talking about oil and There's been more updates from the Saudi Finance Minister They said that okay there is a product to talk about a production freeze But in no circumstances will there be a production cut obviously they still have to raise money to pay for wars and Their big benefit system in their country everything else at that so that's not going to happen So oil prices kind of pretty much flatline now Also, there's news that in the US all the storage capacity that they have apparently it's at 97.5% Now there's a big problem that if that goes to a hundred percent Crew prices could be very very heavily pressured because there's no more storage Massive massive oil glut so that could obviously add extra pain to To that to that market and West Texas crew is trading about $30 right now George Soros has pretty much come out as well and talked a lot about the refugee crisis and he is Kind of come out and recommended that the Eurozone utilize its triply rated Eurobunds to help finance and pay for What he says is an existential crisis in the Eurozone and it kind of is you know, everything's kind of fragmenting right now There is a major major problem with this and they need money to deal with the problem And there's lots of big question marks about that. There's also Kind of a lot of analysts are talking about the potential for a British exit from the Eurozone as well So David Cameron has been in Brussels and he just came out of like a very very long meeting where I don't think he left about 5 30 in the morning and to talk about what he can go to the British public with as concessions for their for them to remain within the European Union because we might be having a referendum In the not too distant future and there's big question marks about you know, how British voters will go So if you have a look at the euro Sterling exchange rate could be very volatile times ahead So hopefully that gives you a good idea of the fundamentals But as ever I'm a technical analyst So let's look at things from a technical perspective where things are getting very very interesting And you want to keep your eye on gold relative to the equity markets as well. So let's go ahead and have a look So this is US 30 as you can see there a complete failure to really do anything of any significance And we're still at this level so far today 76% of CMC markets clients are currently short. The other technicals are relatively neutral still potentially a double bottom right here If we could just break and close above 16 for 60 with any conviction We could then look to re-challenge the 55 period SMA and then look at move towards 17,000 But that's a bit of an ask at the moment moving on to the UK 100 and had had a fantastic run I had broken above this potential trending Support level a resistance level. Sorry. So what I'm gonna read I'm just gonna slightly redraw that to the tip of that cat. So I'm gonna redraw it to there Okay, that's probably where we are if I complete you on it. So we still need to get above 60 70 We're a little bit away from there just now with the wrong side of that 55 period SMA 71% of CMC markets clients are currently short Moving on to the Japan 225. You can see that resistance level has remained and play 16384 potentially a strategic level 57% of CMC markets clients are currently short We have been lower this morning. It's ticked slightly up But to be honest, it's not really that exciting until we get a little bit closer to that level and that looks to be short-term strategic Moving on to dollar yen moving slightly lower off the session lows 111 spot 61 could be the next potential support Again, you saw the spike. Well, you haven't seen it yet But we look at golden the minute it spiked higher Japanese yen as a safe haven spiking higher You can't really have the yen and gold spike higher and have equity markets move higher at the same time normally the go their opposite directions because one is a Hedge against fear another one obviously is when things are going fantastic Moving on to West Texas crude you can see that that slight reversal. Oh, but we did have a very very strong day After the the Saudis and everything else and the rats as we ran was potentially coming to the table That's not followed through with it with any new news. So we've seen a little bit of a reduction We're still on the right side of that 21 period SMA though. So keep an eye on that level CMC clients are almost 50-50 Looking at gold now We can just see that massive spike higher that we had yesterday that came late on in the session Even a bit of a reversal so far this morning got a high lower high lower high lower high Again, 1191 could be where a lot of battles are fought depending if you're bullish or bearish and gold Long-term potential resistance all the way up at 1300 but again if gold is spiking higher That's that just means equity markets and interest rates in the US are pretty much a smash So that's something to consider. We do look to be getting a bearish cross on that as slow stochastic to watch out for Very close to negative crossover in the MacD you can see the histograms really come off and obviously we're already on the wrong side of that RSI level so from a technical perspective it is looking The pressure is building but obviously there's fundamentals to be aware of So looking at your dollar your dollar is at a very important level one spot 11-05 It's been lower finished on the level still there right now 75% of CMC markets clients are currently short. So one spot 11-05 Looks to be an interesting level for traders out there and finishing up with GBP USD We try to have a rally there yesterday one spot 43-52 is a potential resistance GBP USD just not that that exciting at the moment So let's have a quick look at the market calendar as ever And today we've got UK retail sales CPI from the US and the Eurozone CCI and we mentioned That on Monday, we've got PMI from Germany and the Eurozone and on Tuesday Germany GDP US Consumer confidence survey and existing home sales to start off the week. Well guys, very good luck with your trading and Join me again on Monday to find out what happened next. Thank you very much and goodbye