 Hi, good morning and welcome to today's products in focus most global markets are down this morning US 30 following on from yesterday's So I lost making day ever so slightly down with the Germany 30 in the UK 100 slipping further this morning looking at 1795 as the next potential support level We do have the potential golden cross and moving averages while the technical indicators are still relatively neutral sands the slow Stochastic there that's just gone to overbought territory. I was quite close to crossing that 80% level So any further downwards pressure on the US 30 below 1795 could open up 177 38 as the breakdown and grease talk seems to take center stage with no deal being reached last night and not making been given to the Greeks to basically comes to party by Friday or They're not going to get any more funding and things are beginning to get a little bit closer to the wire I think most traders still believe that that deal will be reached it kind of pretty much has to be reached because they The fallout from that would be quite would be quite significant. So We'll have to see how that pans out, but the markets are down But it's not like an excessive big moves. We've seen some moves in them and your dollar and cable overnight With your dollar down about a hundred pips close to the end of yesterday's session So looking at UK 100 We are bouncing off that 21 pureed SMA. It seems first thing this morning. The other technicals are very very neutral We're actually still relatively close to the all-time high on the UK one hundred sixty nine oh six point eight So that does give us a bit of an idea about where we are could be an actual Ascending triangle formation right here. I just get the drawing tools on there for a quick second. I'll give you a bit of an idea Where the potential trend line support could be Usually these are a continuation pattern Should it stay within this triangle formation you'd expect the bias to be to break to the top side of it Breaks the bottom of this trend line and sixty seven seventy one point eight could be the next potential support level So Japan two to five with dollar yen still hovering about one eighteen spot fifty. I can't imagine Japan two to five is doing that much We're doing a little bit following that eight and eight year high that we were able to achieve last Friday We're on positive territory first thing this morning following on yesterday's loss We actually close towards the end of yesterday close as well Sorry the towards the end of yesterday's downrange other technicals again are flattening out Mac deal do huge amount the RSI still away from being overbought With only the slow to cast it they're getting quite close to getting above that eighty percent level yet Which would be indicative of being slightly overbought but still no reversal signal yet with 18306.5 being the next potential resistance to be aware of right there. So looking at dollar yen It's been flattening out again round about just below 119 actually so one 18 Spot 99 there is actually the official potential resistance level on there We are seeing the moving averages begin to flatten out Mac deals close to crossing over which would be negative. It's quite close to the zero line as well Whereas the RSI is still stochastic right there are neutral So this probably looks like could be moving sideways for the next step the next couple of sessions any week And it's not been that surprising if you look at since December has been trading this quite narrow range Probably between 1.16 and 120 So moving on to Cuddle West, Texas. It's not done a huge amount since we last spoke but $54.85 is the next potential resistance. It's trying three times a break above that could be a triple top of it fails Certainly looks like a ascending triangle formation similar to what we just saw on the Japan 225 I just go to my drawing tools for a second and just add this trend line in This could be something that we're potentially looking at so They'll break one of two sides see the top end of potential resistance at 54 spot 85 or break of that trend line Which would then open up a move back down to around about 43 should that happen with Cuddle inventories due tomorrow We've already talked about last four or five sessions Cuddle inventories have beaten expectations, which is indicative of Most more stocks and distillate which result in a drop in the price So we'll see if that pans out again tomorrow. So as mentioned your dollar was on the retreat yesterday or the euro took a bit of a tumble Another you could potentially draw another trend line on here actually Most markets are quite positively correlated in that kind of regard Probably more like a symmetrical triangle formation right here My but that's exactly what that is. So we should get a break of one direction It's looking a little bit bottom heavy right now So perhaps a break of this bottom end here if there isn't a deal reached by Friday, of course your dollar would continue to feel the pressure So that will be a very interesting pair to have a look at as the clock keeps ticking down So finishing up with GBP USD a failure to break through one spot 54-24 We've had a bit of a retreat yesterday. We're currently trading just below that 55 period SMA With the MAC the actually relatively bullish heaven crosses your line yesterday The RSI still has room to grow whereas the slow stochastic is just about to go into overbought territory So GBP actually has the potential here to break a little bit higher Especially if our MAC would date the CPI the PPI and the RPI all due at 9 30 UK time Could be the catalyst for that at these figures come out very very strong Of course if they're a mixed bag or or weak cable will suffer today So that could be an interesting date release for for traders to be aware of and then you've got the ZDW business report Very influential report from Germany. That's a 10 a.m. Today, and that will also be a big one for your dollar To keep it keep your eye out if you fast forward on to Wednesday You can see we've got more UK data. You've got unemployment claims and the Bank of England minutes Which should be quite interesting if you're interested in interest rate kind of hence from the From hearing in that regard and then you do have the PPI final demand month a month at 1 30 UK time Which would be again good for GBP USD depending on which viewpoint you have So as ever keep you on the chart form make insights properly going forward and join me again tomorrow to find out what happened next