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Technical analysis

Cramer's Corner: Daily Technical Update Stock of the Day: Tesla

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:

  • Tesla reached target but could continue higher
  • S&P 500 reversal cancelled potential to 5,722
  • Nasdaq above 20K, potential to 20,364
  • EuroStoxx50 still range bound
  • DAX. Support at 18,191
  • AEX25 closed above key support at 918.50
  • CAC40 likely to re-test key support 7,464
  • SMI20 closed above lower band and support in the range 12,182-11,955
  • Time 6.12
  • EURUSD key strong support at 1.0665
  • EURGBP rejected 0.85
  • GBPUSD downtrend but positive RSI. Resist at 1.27
  • USDJPY Stretched but uptrend likely to continue. Eyeing 163.50
  • EURJPY upside potential to 174.25-174.60 but stretched
  • AUDJPY reached 1.618 projection. Push to 109?
  • GBPJPY likely to reach 206.40. No strong resist before 214
  • AUDUSD bouncing from support at 0.6580. Resist at 0.6715
  • USDCAD bullish, resist at 1.3785, upside potential to 1.3850
  • EURCHF above 0.9675, could push higher to 0.9763-0.9840
  • USDCHF above resistance . RSI testing 60
  • Dollar Index resistance at 106.33
  • Time 11.54
  • Gold support 2,285, strong resist at 2,388
  • Silver could be gaining upside momentum
  • Platinum key resistance at 1,015
  • Copper key resistance at 459
  • WTI bullish, rejected at 84.46 resist
  • Brent Crude uptrend, resist at 89.33
  • US 10-year T-yields rejected at resistance at 4.47

Follow me for more on SaxoTrader platforms, home.saxo and X (Twitter): Cramers_Corner

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