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. Testing gap resistance area 4,375-4,400
  • Nasdaq 100. Above falling trendline i.e., bullish
  • Russell 2000 (ETF) in bear trend
  • EURStoxx50 testing 4,200. Close above likely bullish trend
  • DAX rejected at resistance at 15,280
  • AEX25 testing falling trendline key resistance at 744-750
  • BEL20 sliding back could test 3,400 support
  • CAC40 minor resistance at 7,100
  • SMI20 rejected at 10,600 gap area. Close above 10,675 bullish trend  
  • Time 3.33
  • In today’s Technical Update:
  • S&P 500. Testing gap resistance area 4,375-4,400
  • Nasdaq 100. Above falling trendline
  • Hang Seng bounce to 18K
  • EURStoxx50 rejected at 4,200 and 55 Moving Average
  • DAX resistance at 15,280
  • AEX25 resistance 744-750
  • BEL20 uptrend but likely setback
  • CAC40 minor resistance at 7,100
  • SMI20 rejected at 10,600 gap area 
  • Time 3.33
  • EURUSD Resistance at 1.0762
  • GBPUSD struggling for upside momentum
  • USDJPY Resistance at 152. Key support at 148.80. Range bound?
  • EURJPY higher eyeing 163-165. Room to 170
  • AUDJPY rejected at 97.65 but in uptrend eyeing 98.55
  • AUDUSD could be testing upper falling trendline
  • Dollar Index hovering around 105.34. In downtrend could drop to 104.40 level
  • Time 6.35
  • Gold correction likely down to 1,935
  • Copper lost momentum. Could test falling trendline, possibly 354.50 again
  • WTI crude oil bearish support at 73.84
  • Brent oil bearish support at 78.19
  • US 10-year T-yields key support at 4.50%

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