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 uptrend extended, likely to 5,176.
- Nasdaq 100 spiked higher, short-term potential to 18,593-18,763
- EuroStoxx50 uptrend could move above 4,900. 5K??
- DAX uptrend could have exhausted, Monday trading could be key
- AEX25 uptrend intact despite being very strechted
- CAC40. Uptrend stretched looks toppish. Could it but could test 8K?
- SMI20 uptrend. resistance at 11,616
- Time 4.09
- EURUSD range bound 1.08-1.09
- GBPUSD range bound 1.2535-1.27
- USDJPY dipped below support at 149.75 but closed above, range bound 149-151
- EURJPY uptrend intact after correction. Likely to resume bullish move
- AUDJPY seems to be finding support at 87.30, could resume uptrend
- AUDUSD hovering around 0.6520 downtrend intact
- USDCHF rejected at key resist at 0.89
- USDCAD above 100 DMA likely move to 1.3625. Rising wedge?
- Dollar Index range bound above 200 DMA
- Time 8.11
- Gold broken key resistance at 2,065 short-term potential to 2,135-2,150
- Silver needs to break 23.50 for uptrend
- WTI oil above key resistance confirming uptrend with potential to 87-90, resistance at 82.56
- Brent range still below key resistance at 84.75
- Henry Hub Gas reached 0.618 retracement. Could test $2
- 10-year T-yields below key support at 4.20, next 4.11 and 4.00
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