Cramer's Corner: Daily Technical Update
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:
- S&P 500. Bounce from 0.382 retracement at 5,193
- Nasdaq 100 Bounce from 0.382 retracement at 18,169
- EuroStoxx50 correction unfolding. Still above Cloud key support 4,888
- DAX. Correction, support around 18,191
- AEX25 correction possibly below 900
- CAC40 rebounded from 7,914, key support at 7,812
- SMI20 new high but struggling to stay up
- Time 4.40
- EURUSD rejected at 1.0885 once again. Range bound likely
- GBPUSD rejected at 1.28. Range bound 1.28-1.2670
- EURGBP Key support at 0.85 still holding on
- USDJPY bullish potential to 158.45
- EURJPY uptrend seems in exhaustive mode
- AUDJPY uptrend seems in exhaustive mode. Struggling to break 105
- GBPJPY correction down to 197.20 in the cards rising channel, uptrend stretched, upside potential to 200.65
- AUDUSD uptrend but struggling, correction support at 0.6580-0.6558
- USDCAD range bound 1.3590-1.3750dline. Upside potential to 1.3850-1.39
- EURCHF rejected at 0.786 retracement weekly. . Finding support at 0.9770
- USDCHF testing key support at 0.90
- Dollar Index range bound 105.08-104.26
- Time 10.37
- Gold failed to go bullish, trading around 2,326 support
- Silver Double top ? Downside potential to 28.50
- Platinum Support at 1,015-1,000. Still bullish
- Copper around key Fibonacci levels. RSI is key
- WTI testing 76.60 once again
- Brent Crude support at 80.72
- US 10-year T-yields bullish but correction down to 4.43 likely
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