Cramer's Corner: Daily Technical Update
Technical analysis

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:

  • Super Micro Computer testing key support
  • Hang Seng testing resistance at 18,173, eyeing 18,844
  • S&P 500 likely resuming downtrend, resist at 5,146. Support 4,953
  • Nasdaq 100 rejected at 17,808. Support at 16,963
  • Dow Jones bearish
  • EuroStoxx50 Resist at 5,053
  • DAX. Key resistance at 18,192
  • AEX25 closed back below resistance at 883
  • CAC40 resistance at 8,126. Key support at 7,875 and 7,812
  • SMI20 resistance at 11,379
  • Time 4.26
  • EURUSD 1.0752-1.0665
  • GBPUSD rejected at 0.618 retracement, Minor support at 1.2449
  • JPY pairs uptrend intact
  • USDJPY dipped to 0.786 retracement. Needs to close above 158 for uptrend
  • EURJPY dipped to 0.786 retracement below support at 165.35, closed above
  • AUDJPY dipped below 0.618 retracement to 100. Closed strong likely resuming uptrend
  • GBPJPY dipped to 0.382/0.618 retracement
  • AUDUSD rejected at 0.786 retracement
  • USDCAD resuming uptrend with potential to 1.3930
  • EURCHF ran out of steam just below previous peak at 0.9850
  • USDCHF uptrend stretched . RSI divergence
  • Dollar Index rejected at 106.32. Key support at 105.27
  • Time 10.26
  • Gold correction unfolding possibly down to 2,255. 2,207?
  • Silver sol doff to 0.618 retracement
  • Copper short-term top and reversal
  • WTI short-term bearish testing trendline
  • Brent Crude testing rising trendline
  • Cocoa sold off to lower part of support area
  • US 10-year T-yields looks a bit stretched short-term, likely correction

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