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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. Top & reversal pattern. Correction very likely. Support at 4,455
  • Nasdaq 100. Correction down to 15K-14687 likely
  • DAX correction. Below 16K but uptrend intact
  • AEX25 Uptrend intact after closing above 768
  • BEL20 uptrend but likely minor correction
  • CAC40 uptrend intact closing above 7,251 
  • EURUSD Finding support at 0.786 retracement. Likely bounce and uptrend to resume
  • Dollar Index rejected at 0.786 retracement at 102.41
  • GBPUSD bounced from key support at 1.2590. Could bounce from here. RSI bullish
  • USDJPY Rejected at 0.786 retracement but in uptrend.
  • Gold finding support at 0.618 retracement at 1,929. 
  • Silver keeping itself above 24.10. Still bullish sentiment
  • Copper rising channel. Bouncing from lower trendline and 382
  • Brent close to strong resistance at 87.25. Likely to be rejected
  • WTI close to strong resistance at 83.50
  • Wheat bouncing off lows. RSI still bullish
  • US 10-year above 4% and above resistance . Next resistance 4.22
  • US Treasury Bond future bullish engulfing but indicators not supporting it

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

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