 Hi, good morning, and welcome to today's products and focus be able to see there the US 30 continues on its it's advanced up towards 18,000 we are a little bit away from there right now, but nevertheless, it's kind of breakout that we've seen trading above the all-time highs which previously was about about 1743 in fact, I'm just really quickly go ahead and add that on there We continue to branch out as a more US economic data comes in Relatively well, albeit jobless claims did mess a little bit yesterday Things still looking pretty good for the US economy and the medium to long term So 18,000 does seem to be a bit of a psychological run number. Obviously when we're treating all near all-time highs like this is quite difficult Some traders may choose to use Fibonacci price projection, which I'll probably have a look at at some point I'm one of these other videos next week Describe what some in support resistance levels already drawn on here But as long as the economic data still continues to come in quite quite strongly The the American markets seem to do quite well as big 500 is a little bit flatter due to the The drag of energy stocks, but the US 30 is still soldering on so you came on hundred coming up quite close to potential resistance at 6666 and We are looking at a break up above 55 period SMA And having a look at this level here if we break above that we might be looking at 6774 So Japan to do five very much in focus Dollar yen as ever helping to drive that we are looking at the long-term potential resistance at 18332 And then the very short term right there We are looking at a potential resistance, which was broken today And the dollar yen and helping that people are liking the look of Japanese equities right now with with the Abenomics and obviously the Prime Minister out there talking about having an early election and delaying the The tax increase that Japan looking to have and that's because quite decent moves and dollar yen as well as people are buying Japanese equities and using dollar yen to hedge their yen exposure because nobody wants to have You know advanced equities, but then be getting Screwed on that dollar yen exchange rate. So quite an interesting move that we're seeing right there So long as they above 7435 things looking a bit tasty for the next potential resistance at 1830 332 now we are a little bit away from there just now So moving on to dollar yen, actually you can see that we smashed above our one spot 14 We're probably looking. Well, my friend. We go into the weekly time frame Let's see how far back we can we can see we're probably looking now a Potential move towards the next level which would be run about 124 So actually in the cycle into that daily time frame there to see that level more clearly The one spot 1474 is the potential support the longer term potential resistance, which is miles away. Incidentally as one 24 spot 42 Now that's probably run anything above 120 as interventionists For the Japanese government obviously they don't want the Japanese yen to go down too much because material costs get too expensive The Japanese yen continues to get weaker. I'll be energy costs are a multi-year low right now So I'll be interested to see how things go dollar yen looks to be in a golden area right now for Some interesting moves. So let's have to see how that progresses So looking at crude oil West Texas. It has been getting absolutely smashed the last For quite some time trading below a lot of major potential support levels as you can see there are So far below that actually need to go a little bit further back Okay, so you're probably looking at $64 as the next major major level Actually, you could probably get away with wearing about 70 so if I jump back on to the daily interval there for a second It's had a Torah Torah week. I could probably do getting rid of some of these extra support and resistance levels on here but incidentally and Just the way this is going $70 spot 41 is the next potential support. I'm actually kind of surprised to see West Texas crude trading below 77 so aggressively But that's Saudi's keep on pumping more crude. They're quite happy to support those lower prices And turn below $75. That's not to be sniffed that either. So Technical breakout $75 my act as new potential resistance as it was broken support now eyeing up 70 spot 41 as an ex potential support level And crude oil is kind of really seen as a tax on the global Global economy and global markets obviously need crude for pretty much everything as an energy source So you're basically seeing a big reduction in tax globally for business in the industry Which should be helping to propel the equity markets on that little bit higher So those moves on West Texas crude have wide ramifications for many many markets and many industries So gold's not really doing too much as ever bouncing around about potential support at 1155 To be honest, that's not for the action is that Keep an eye on dollar yen Japan to do five and West Texas crude That's probably we're gonna see a lot of traders focusing your attention So finishing up there with your dollar. I can just draw this new broken support now acting as resistance one spot 24 98 is the potential resistance level. This is a pivot for further downside momentum for your dollar Albeit, there's been lots of consolidation around this level. It's gonna be driven by the fundamentals And as I said the job with claims from the US yesterday did disappoint We're still looking at one spot 20 47 is the longer-term potential support level for traders to be aware of and if we do see the ECB buying up more corporate bonds and We do get more of an idea of a potential final rate cut in the eurozone Then your dollar should tumble, but that's not happened as up yet. There's lots of talk and rumors as ever But there's not been as much downside bearing in mind that your dollar has already come off so aggressively over 2014 There's not surprising that hasn't continued to slump that little bit further But they will come a point where it will pick a direction and you just want to make sure you're going on the right side of them So finishing up with cable cable is moving to the downside once again breaking below potential support one spot 5742 That's a significant support level because there isn't actually anything else now to all the way down a one spot 54 24 So expect one 5742 to be a new potential resistance level to be aware of and there's a lot of potential downside There should The sterling continue to disappoint and obviously the US dollar is on a run right now So in regards to economic data, we've already had German growth domestic product pretty much coming in as a specter Maybe slightly better this side. We do have retail sales due to date as well in the US I've got my recurring alert already set on that and then you've got the consumer sentiment survey University of Michigan sentiment index And that's due out at 255 and if you fast forward then on to Monday Nothing really super exciting. You do have industrial production Tuesday lots of UK data ZW business report and PPI on the US So there is a fair amount coming out on Tuesday to keep it going But remember there are a few bits and bobs today To finish off your your trading week So keep you on the chart form as ever make insights popular going forward and join me again on Monday to find out What happened next?