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Technical analysis
Cramer's Corner: Daily Technical Update with Tesla and Cocoa
Kim Cramer Larsson
Technical Analyst, Saxo Bank
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:
- Tesla under pressure. Key support at 160.50
- S&P 500 top and reversal below rising trendline
- Nasdaq 100. Top and reversal pattern intact. Support at 17,808
- EuroStoxx50 top and reversal pattern support at 4,976
- DAX top and reversal pattern. Sell-off to 17,900?
- AEX25 top and reversal pattern. Support at 872
- CAC40. Rejected at peak. Likely correction unfolding
- SMI20 uptrend. Could be range bound 11,536-11,800
- Time 4.18
- EURUSD likely to drop to 1.07 possibly 1.0660, Minor support at 1.0723
- GBPUSD likely to test support at 1.25
- USDJPY range bound 150.85-151.95
- EURJPY correction to 0.618 retracement at 162.17
- AUDJPY correction over? Key support 98.20
- AUDUSD testing key support at 0.6450, could drop to 0.64
- EURCHF top and reversal could sell off to 0.9622
- USDCHF could test resist at 0.91, expect minor correction
- Dollar Index resist at 104.88
- Time 9.10
- Gold reached 2.00 at 2,288, correction ?
- Silver above 26.00 short-term 26.75 likely
- Cocoa key support 9,267
- WTI Crude uptrend minor resist at 84.30 potential to 87
- Brent above resist at 87.35 potential to 90.50
- US 10-year T-yields above 4.35, next resist at 4.50
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