Cramer's Corner: Daily Technical Update with CrowdStrike, Tesla and SAP
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:
- CrowdStrike another sell-off to support
- Tesla preview
- SAP higher after earnings
- S&P 500 below key support at 5,576. Next support 5,447
- Nasdaq establishing downtrend. Strong support at 19,210
- EuroStoxx50 below key support at 4,888. Next 4,812-4,775
- DAX. Support at 17,875
- AEX25 below key support at 918.50. Support at 897-892
- CAC40 key support 7,464. Key resistance at 7,725
- SMI20 testing key support at 12,181
- Time 4.56
- EURUSD back below at 1.0916 but uptrend intact
- EURGBP bounced from 0.84, resist around 0.8425
- GBPUSD correction, still upside potential to 1.3135
- USDJPY bounced from 155 but struggling for upside momentum
- EURJPY downtrend, could dip to 169.20
- AUDJPY downtrend could drop to 103
- GBPJPY downtrend likely to sell-off to 201.30, maybe 200
- AUDUSD correction to 0.786 retracement at 0.6628
- USDCAD likely to test resistance at 1.3785
- EURCHF testing 0.382 retracement at 0.9654
- USDCHF sold off to support at 0.8826
- Dollar Index resistance at 104.28
- Time 9.41
- Gold correction support 2.388 and 0.618 retracement at 2.366
- Silver support at 28.60
- Copper bearish likely to test support at 413-410
- WTI below USD 80, 0.618 retracement at 77.08
- Brent Crude could drop to 0.618 retracement at 81
- US 10-year T-yields bounce to 4.27 maybe 4.31
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