Macro: Sandcastle economics
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Technical analysis
Cramer's Corner: Daily Technical Update
Kim Cramer Larsson
Technical Analyst, Saxo Bank
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:
- Nvidia bouncing from key support at 406
- S&P 500. Downtrend. Bouncing from support at 4,455. Expect minor correction before down resumes. Likely to drop below 4,400. Next support at 4,340
- Nasdaq 100. Expect correction to 15,420 before downtrend is likely to resume. Support at 14,750 likely
- Hang Seng bearish. Support at 18,052
- DAX Bearish. Rejected at 16K. Likely to drop to 15,482 support area
- BEL20 heavy
- AEX25 Key support at 763. Close below next support at 748
- CAC40 Key support at 7,251. If broken downtrend to 7,100
- EURUSD Likely to be range bound between 1.0833 and 1.1065. Key support at 1.0833. Close below Short- and medium-term trend down.
- Dollar Index rejected at key resistance at 103.28. Close above uptrend on medium-term confirmed
- USDJPY broken resistance at 145. Next is 148
- EURJPY above strong resist at 158. Likely to move to 160.60
- AUDJPY testing falling trendline
- GBPUSD is struggling for upside momentum. Key support at 1.2590. a close below likely sell off to 1.23 area. RSI still bullish
- AUDUSD key support at 0.64
- Gold XAUUSD Could test June low at 1,892. RSI bearish
- Silver XAGUSD likely to drop to support at around 22.15
- Copper testing support at 370. Next support at 360-356 but a bounce seems likely
- Brent rejected at resistance at 88.20. Expect correction down to around 83
- Dutch Gas building uptrend
- US 10-year uptrend testing resistance at 4.22 could move to 2022 peak at 4.32
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Quarterly Outlook 2024 Q3
Sandcastle economics
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