Cramer's Corner: Daily Technical Update
Technical analysis

Cramer's Corner: Daily Technical Update

Kim Cramer Larsson
Technical Analyst, Saxo Bank Group

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 rejected at key resistance. Key support at 842.30-822.79 likely to be tested
  • S&P 500 downtrend closed just above support at 5,057
  • Nasdaq 100. Downtrend confirmed after closing below support at 17,808
  • EuroStoxx50 downtrend support at 4,888
  • DAX below trendline and support at 17,900, next 17,620
  • AEX25 top and reversal pattern. At key support at 872
  • CAC40. Just above support at 7,875
  • SMI20 0.786 retracement at 11,222
  • Time 4.00
  • EURUSD just above 1.06 expect minor rebound
  • GBPUSD support at 1.2410-1.2375
  • USDJPY upside potential to 155.30
  • EURJPY bounce from support at 162.60
  • AUDJPY 0.786 retracement at 98.74
  • GBPJPY key support at 190. Bouncing
  • AUDUSD support at 0.64 support
  • USDCAD no resist until around 1.39
  • EURCHF correction could drop to 0.9625
  • Dollar Index uptrend no resist until around 107. But expect minor correction
  • Time 10.02
  • Gold top and reversal. Expect correction 2.255
  • Silver 0.382 retracement, below 27.50 then 26.42
  • Platinum correction, possible down to 935
  • WTI correction likely to 82.56-81.43. Brent to 87.35?
  • Dutch Gas above key resist, potential to 35.86
  • US 10-year T-yields upside potential to 4.70

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