Macro: Sandcastle economics
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Technical analysis
Cramer's Corner: Daily Technical Update
Kim Cramer Larsson
Technical Analyst, Saxo Bank Group
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 New all time highs . 1,048 possibly higher in the cards
- S&P 500. Uptrend with potential to 5,400-5,500
- Nasdaq 100 Potential to +19K
- EuroStoxx50 failed to break higher, correction
- DAX. Bullish potential to 19,150
- AEX25 reached 1.618 projection at 917 likely
- CAC40 Correction. Possibly down to 8,042. Uptrend intact
- SMI20 minor correction but still bullish potential to 12,215
- Time 5.55
- EURUSD rejected at strong resistance at 1.0885. Uptrend intact though
- GBPUSD above key strong resistance at 1.2710. RSI positive. Upside to 1.28
- USDJPY Resist at 157. Still bullish potential to 158.45
- EURJPY resist at 170, upside to 171.65
- AUDJPY uptrend stretched. Potential to 105
- GBPJPY upside potential to 200.65
- AUDUSD if back above 0.6645 bullish trend resuming
- USDCAD likely to test upper falling trendline. Break above upside to 1.3850
- EURCHF eyeing par 1.00
- USDCHF RSI needs to close back above 60
- Dollar Index rejected at 104.84, likely resuming down-trend
- Time 11.30
- Gold rejected at 2,450, likely down to 2,434 possibly dipping to 2,314
- Silver correction possibly down to 30.0 before new uptrend
- Platinum correction but upside to potential to 1,130
- Copper correction reached 0.618 retracement at 474.50
- WTI once again bouncing from 76.60
- Brent Crude support around 81.42-80.72
- US 10-year T-yields rebounding from 0.786 retracement at 4.29. Resist at 4.53
Follow me for more on SaxoTrader platforms, home.saxo and X (Twitter): Cramers_Corner
Quarterly Outlook 2024 Q3
Sandcastle economics
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Equities: Are we blowing bubbles again
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FX: Risk-on currencies to surge against havens
Explore the outlook for USD, AUD, NZD, and EM carry trades as risk-on currencies are set to outperform in Q3 2024.
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Commodities: Energy and grains in focus as metals pause
Energy and grains to shine as metals pause. Discover key trends and market drivers for commodities in Q3 2024.
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