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:

  • S&P 500. Downtrend. Testing support at 4,455. Likely to drop below 4,400. Next support at 4,340
  • Nasdaq 100. Correction down to 14,750 likely
  • Hang Seng broken bearish finding support at previous trough but 18K could be tested.
  • DAX Bearish. Rejected at 16K.  Likely to drop to 15,482 support area
  • AEX25 Key support at 763. Close below next support at 748
  • BEL20 bouncing from support
  • CAC40 Key support at 7,251. If broken downtrend to 7,100 
  • EURUSD Finding support at 0.786 retracement. Likely bounce and uptrend to resume. A close below 1.09 likely sell off to 1.0830
  • Dollar Index above 0.786 retracement and the Cloud. Resistance at 103.28   
  • USDJPY Testing resistance at 145. Could be too strong to penetrate 
  • EURJPY above strong resist at 158. Likely to move to 160.60
  • GBPUSD is struggling for upside momentum. Key support at 1.2590. a close below likely sell off to 1.23 area. RSI still bullish
  • Gold XAUUSD at 0.786 retracement. Could test June low at 1,892. RSI bearish 
  • Silver XAGUSD could drop to support at around 22.15
  • Copper bouncing from support at 370. Possible bounce to 382 Bull/Bear pivot level. Next support at 360-356
  • Brent rejected at resistance at 88.20. Expect correction down to around 83 and range bound trading
  • Dutch Gas resistance at 50.30. RSI sentiment bullish
  • Henry Hub gas bullish trend
  • US 10-year uptrend resumed after correction. Resistance at 4.22 could move to 2022 peak at 4.32

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