 Hi, good morning, and welcome to today's products and focus the US 30 there had an incredibly volatile session hitting 17 895 for four dropping quite significantly a huge volatility And we're actually on the back foot again this morning trading blow potential support at 17 5 46 I am up 17 361 trading blow both moving averages MACD close across in a zero line Which should be bearish and the other technicals are neutral indicating further downs momentum as possible and usually after a candle formation like this That is seen to be from a negative from a Technical analysis perspective to be quite negative looking at the UK one hundred still hold on a whole bunch of volatility We've managed to close positive But that's been engulfed by this bearish engulfing pattern. I'm up 64 15 a break in close below that opens up a move towards 6,000 moving on to Japan 2 to 5 I get very similar picture horrible candle formation right here bearish engulfing pattern looking at 16 392 is next potential support Crossing the zero line in the MACD other technicals are neutral indicating further potential downwards action This could be a head and shoulders formation right here And Dully yen has a retreat equate significantly down to one 16.75 so you got double whammy on the Japanese markets of a sell-off in equities and a Resurgence in the Japanese yen as a safe haven with a bit of decoupling from gold which come back to in a second It's not come off as much as some other commodities But crude oil has sold off even further But we'll come back to that in a minute Looking at a dollar yen a break off 117 spot 36 now opens up 114 spot 74 We're now trading below both moving averages very similar Kind of picture with the technicals in regards to the MACD close across in the zero line What should be seen to be bearish? And this looks to be accelerating to the downside Your yen as well selling off quite aggressively this morning So moving on to crude oil West, Texas, which briefly reached parity with Brent crude yesterday We're in a bit of $45 mark. We're currently at 45 10 The longer-term potential support still remains at $35 There are I guess the next phase of crude oil is the storage capacity in America Which is apparently one-third full with many traders now buying up storage space On land but also on sea with giant super tankers to try and store immediate delivery West Texas to sell off at some point in the future Because right now you do have contango with crude for a near-term delivery is cheaper than the The three month forward. So what you're getting now is some people actually buying up physical crude oil With the idea to sell it Again for physical delivery at some point further on down the line But that's that's one thing that might be supporting West Texas in the short term versus Brent But Brent is maybe about 46 dollars right now. So very very close So might not be the one before West Texas is trading at a premium to Brent, which will be interesting indeed So looking at crude gold commodities been coming off quite a lot The dollar has taken a bit of a backseat instantly But they are kind of butting heads there at potential resistance 1242 doji formation here on On gold with the commodity sell-off That is obviously taking precedence over dollar weakness and also over the safe haven status of gold But also because we were at 12 week highs. So I wouldn't be that surprised if we managed to Should the weakness and equities continue in the fear factor continue to take to stay I'm gonna tackle the sentiment. I wouldn't be surprised to see gold be challenged 1242 again But it seems to be Japanese yen as for the action is if you want to save haven play It'll be quite good But just remember that it does tend to be a coil spring as soon as risk on comes back into the market Dollar yen has got a habit of bouncing back quite strongly. So just be very careful of that That's the route you're looking to take. So looking at your dollar Not really doing a huge amount. We did get a retracement bounce off one spot 1872 I'm guessing still longer term. Your zone is going to print more money still got cut rates. The US is only the only way is up really I'll be it has taken a bit of a breather right now So once hot 1642 the next potential support any Rebound so any more green back weakness longer term and if the real mangers to research Our one 1872 potential resistance fall by one spot 2047. It's not a big change from previous discussions that we've had Cable had a bounce back yesterday very volatile session for cable. First of all, we had a whole bunch of macro data Which was quite negative. We missed most of our inflation targets, which caused short-term sell-off on On cable, but you can see there we finished the day actually in positive Almost in positive territory, but we're in positive territory right now trading above one spot 51 85 Almost got a crossover positive cross over in the MACD And as you can see there on the slows to cast it there and the RSI we do have bi-signals So we might expect a short-term spike short-term short squeeze on GPUSD and we've seen for the first time a long time a bit of a decoupling from cable versus your dollars So your dollars going down cables going up So macro macro data wise we do have Eurozone industrial production Which would be interesting followed by retail sales in the US and those are crude oil inventories Which will be very very can be watched by crude traders today fast forward on the Thursday You've got German GDP and then you've got your unemployment claims from the US and PPI and the Philly Fed numbers So we do have a fair amount of macro data coming out So a whole bunch of fundamentals that could affect the markets keep around the chart form as ever lots of cool stuff You're from a global analyst team make insights part of your layout So you can be informed of movements as they happen and join me again tomorrow to find out what happened next