 Hi, good morning. I'm welcome to today's products and focus so having a quick look at the US markets is to kick start off Today's session bullish engulfing pattern yesterday, but a failure to break through short-term potential resistance round about 178 50 We were negative territory yesterday only to finish up close Towards a high the day and then we've not really followed through with that much conviction this morning But 177 47 seems to be a potential kind of support level your broken resistance now switching to be potential support Targeting potentially 18 or 1 1 1 and if we actually have a quick look to see how far we are from the all-time high 2.7 2% we are in the background of a Lot of world governments talking about monetary stimulus measures Quantitative easing cutting rates like I'm over they're talking about this over in Australia Are the Australians likely to do it? How bad do things have to get before they do it again? And obviously all the other bits of feedback we've been having from from China where the data has been bad But not quite bad enough to justify much in the way of additional action by the governments as of yet So some markets might be just a little bit tepid just moving forward inching ever so slightly further forward each session so not a huge amount of volatility in some of the equity markets as you can see but I guess you still got a decent move there yesterday, but on the UK 100 in particular It's really not looking as strong as the as the US 30 from a technical chart perspective With 64 15 being the potential resistance to watch out for And we are trading above both moving averages the other technicals are relatively neutral We did have a negative cross on the MACD the other day, but it's not really slowing down the UK 100 as of last night This level here at 64 15 Might be something to be wary of Albeit, we did break above that historically the last couple of sessions, but this was a high from back in October So moving quickly on then to Japan 225 Resistance seems to be firmly in place at 19,104 We're trading above both moving averages the technicals They are close to Catholic is overbought the RSI still has extra room to move We are seeing a decline in the histogram in the MACD We've not got the crossover yet So there seems to be a little bit of extra mileage to try and push through that 19104 level But if it doesn't do it soon, you will begin to get kind of divergence across some of these other technical indicators as well We should add to the technical pressure on the Japanese market So then moving on to dollar yen dollar yen seems to be getting back into boring mode again Which seems to be oscillating right about 120 spot 55 a similar pattern to what we saw throughout half of August and September and most of October Not a huge amount of volatility. You kind of say it's boring actually That can be completely wrong dependent on the type of trader you are because if you're a swing trader Which means you're trading the ranges selling at the top and buying at the bottom Then actually dollar yen could be pretty interesting So do keep an eye on the major support and resistance levels on there if it stays in that pattern for an extended period of time So looking at West Texas crude 4585 as being the level for at least the last five sessions Other technicals are getting to flatten out now. Maybe a little bit of stabilization record oil production in In Russia, you do have crude oil inventories on Wednesday And it was last Wednesday that caused this big spike up here because the inventory data came in a lot less than expected So it'll be interesting to see what happens after that. So let's have a look at the yellow metal golds getting a lot of negative Sentiment at the moment because of those a part is kind of interesting because the reason why golds going down Some people people would say it's because of the potential of increased rates in the US and December But then we're not really seeing really dynamic moves on the US dollar And many commentators out there are still thinking that December is just about the pipe dream But non farm perils is coming on Friday. I think if that figure comes in strong That's going to give people a lot of extra fuel to that argument If it's quite if it's a kind of so-so Then that raises a lot of eyebrows about about the future and then gold could be an interesting one to look at because this Sell-off seems to be quite pronounced. So we're turning below both moving averages. Technicals has fallen off cliff We're below 1138 next potential support is 10 well basically 1100 We are having a trade from back up back up to 1138 right now But this could be a strategic level as of today to have a look at Okay, so moving on to euro dollar and GBP USD euro dollar is Looking like it's kind of retracing back up to one spot 11 longer term potential support one spot 07 86 This is what I was talking about by the lack of strength in the US dollar after we had this this kind of sudden move after the ECB was talking about quantitative easing But we're a little bit away from these levels at the moment That's where we are with that and then if we finish up there with GBP USD We had a little bit of a negative day. So they finished bang on that level of one spot 54 24 I'll be interesting to see how that continues on today. Other technicals relatively neutral We've almost got a bullish crossover on the moving averages as well So I come with data wise not a huge amount today. We had some UK housing index data and Domestic auto industry sales Wednesday brings a whole host of additional PMI Data for market serve and then we have ADP private payrolls trade balance more PMI for the US And of course those crude oil inventories and don't forget about non-farm payrolls on Friday They want to sign up to our analyst debates webinar go to support then go live trader events and join Michael Houston and Colin Tricinski as they talk about The non-farm payrolls figure it live as it happens before and the after So as ever guys keep your eye on the chart forum make insights part of your leg going forward and join me again tomorrow to find out What happened next?