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Technical analysis

Cramer's Corner: Daily Technical Update with 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 resistance
  • S&P 500 potential to 5,722. Stretched
  • Nasdaq reached target at 20,483. Correction could occur
  • EuroStoxx50 failed to close above 5,000. Support at 4,888
  • DAX. Rejected at 18,630 resist
  • AEX25 uptrend sxtretched, key support at 918.50
  • CAC40 key support 7,464. Rejected at key resistance at 7,725
  • SMI20 the range bound 12,182-11,955
  • Time 4.37
  • EURUSD above at 1.0815, resist at 1.0852. Potential to 1.09
  • EURGBP rejected at 0.85, resumed downtrend, support at 0.8425
  • GBPUSD bullish potential to 1.29
  • USDJPY correction possible down to 159 area
  • EURJPY uptrend intact but stretched. Correction could suddenly occur
  • AUDJPY could push to 109 but stretched uptrend
  • GBPJPY Uptrend stretched but no strong resist before 214
  • AUDUSD bullish potential to 0.68-0.6870
  • USDCAD wide range 1.3785-1.3590
  • EURCHF indecisive correction in the cards before resuming uptrend
  • USDCHF correction likely down to 0.89
  • Dollar Index resistance at 106.33, support at 104.26
  • Time 9.08
  • Gold bullish upside potential to 2,415-2,450
  • Silver upside to 31,67-32,52
  • Platinum above resistance at 1,015
  • Copper strong resistance at 469.60
  • WTI rejected at 84.46 resist, likely to test 80
  • Brent Crude setback to 83.68
  • 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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