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 spiked to 5,110. Uptrend very stretched correction in the cards
- Nasdaq 100. No new high close
- EuroStoxx50 uptrend could move above 4,900. Probably not to 5K
- DAX uptrend potential to 17,500-maybe 17,660
- AEX25 testing trendline could form top and reversal pattern
- BEL20 above falling trendline. Resistance at 3,742.
- CAC40. Uptrend stretched but could test 8K
- SMI20 uptrend. resistance at 11,616
- Time 4.35
- EURUSD could be testing 1.09
- GBPUSD resistance at 1.27
- USDJPY uptrend losing momentum, below 149.75 bear trend
- EURJPY uptrend could lift to 164.20
- AUDJPY reached 99, correction unfolding. Support at 97.92
- AUDUSD testing key support at 0.6520
- Dollar Index sliding lower but no clear direction
- 7.45
- Gold having another go at breaking higher. Strong resist at 2,065
- Silver no direction needs break 23.50. Key support 21.90
- WTI Crude range bound oil support 75.50, resistance at 79.77
- Brent support at 80.70 resist at 84.75
- Henry Hub Gas bottom and reversal pattern still intact with potential to USD2
- US 10-year T-yields below rejected at 4.35% could test 4.20 support.
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