Cramer's Corner: Daily Technical Update with Cannabis, Eli Lilly and Cocoa
Kim Cramer Larsson
Technical Analyst, Saxo Bank
Summary: Cramer’s Corner: Daily Technical Update
Kim Cramer Larsson hosts the Daily Technical Update, a daily 8-10 minute video with live charts.
Kim takes you through the latest technical developments in financial markets, covering everything from the major stock indices, widely traded single stocks, commodities, currencies and interest rates
In today’s Technical Update:
- Cannabis companies surged
- Eli Lilly testing all-time highs
- S&P 500 likely resuming downtrend, resist at 5,146. Support 4,953
- Nasdaq 100 rejected at 17,808. Support at 16,963
- Dow Jones bearish
- European Equities closed today 1st May
- EuroStoxx50 Resist at 5,053
- DAX. Key resistance at 18,192
- AEX25 closed back below resistance at 883
- CAC40 resistance at 8,126
- SMI20 resistance at 11,379
- Time 4.52
- EURUSD resuming downtrend support at 1.06 potential to 1.05
- GBPUSD rejected at 0.618 retracement, Minor support at 1.2449
- JPY pairs uptrend intact
- USDJPY 154.40 key support
- EURJPY support at 165.80
- AUDJPY uptrend intact. Support at 101.35
- GBPJPY key support at 194
- AUDUSD rejected at 0.786 retracement, resuming downtrend
- USDCAD resuming uptrend with potential to 1.3930
- EURCHF above 0.786 retracement at 0.9788 likely to break 0.9850
- USDCHF pushing higher towards 0.9245 but likely higher
- Dollar Index bullish potential to 107
- Time 10.15
- Gold correction unfolding possibly down to 2,255. 2,207?
- Silver sol doff to 0.618 retracement
- Copper short-term toppish but bullish to 490-500
- WTI and Brent Crude could correction test key supports?
- Cocoa sold off to lower part of support area
- US 10-year T-yields looks a bit stretched short-term, likely correction
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