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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. Downtrend. Likely to drop to support at 4,340
  • Nasdaq 100. Downtrend . Closed below support at 14,750. Next is at 14,254
  • Hang Seng bearish. Testing once again support at 18,052. Further down side likely towards 17K
  • DAX Bearish. Rejected at 16K.  Likely to drop to 15,482 support area
  • AEX25 Bearish. Support at 735 but could sell off down to 720-715
  • CAC40 broken bearish. Support at around 7,083 
  • EURUSD Likely to be range bound between 1.0833 and 1.1065. Key support at 1.0833. Close below Short- and medium-term trend down. 
  • Dollar Index bullish but expect a correction to around 102.41
  • GBPUSD is struggling for upside momentum. Key support at 1.2590. a close below likely sell off to 1.23 area. RSI still bullish 
  • USDJPY broken resistance at 145. Next is 148 but expect a minor correction to 143
  • EURJPY above strong resist at 158. Could to move to 160.60 but expect minor correction to 157 before next upwards move
  • AUDUSD Strong support at around 0.64. expect correction from here to 0.65
  • Gold XAUUSD testing June lows at 1,892. RSI bearish. 200 MA giving. Closing of the week will be crucial some support but could drop to 1,870
  • Silver XAGUSD rebounded from support at 22.15 but downtrend persists
  • Copper below 370.  Next support at 360-356
  • Brent correction finding support at 83. Expect range bound trading
  • WTI bouncing from 79.18 support
  • Dutch Gas uptrend.
  • US 10-year rejected at 4.32 peak. Expect a correction to 4.1%

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

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