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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:

  • Hang Seng jumped 4%. Closed below the Cloud
  • S&P 500. Correction on going. Support at 4,455
  • Nasdaq 100. Correction down to 15K-14687 likely
  • DAX Range bound. Rejected at 16,210. Need to close above for uptrend
  • AEX25 Range bound between 781 and 748
  • BEL20 testing resistance
  • CAC40 Broken above resist at 7,403 but indicators not supporting bullish break. However, no resist until 7,581 
  • EURUSD Short-term correction to 1.10 likely before uptrend resumes. Medium-term room to 1.1485
  • GBPUSD correction could be over at 1.28 support and uptrend likely to resume
  • USDJPY rejected at 142. Expect range bound trading
  • EURJPY rejected at key resist at 158. Expect minor setback before next attempt higher
  • EURGBP Double bottom pattern seems to have been cancelled
  • Gold uptrend but short-term correction to 1,940-1,930 possible
  • Copper could be building uptrend.  Minor resistance at around 395  
  • Brent testing resistance at 83. If broken next resistance at 87.25-88.20
  • WTI testing resistance at 79.20. If broken next resistance at 83.35
  • Wheat losing steam above June peak 784
  • US 10-year Treasury yield resuming uptrend. Likely to get back to 4%

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

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