Cramer's Corner: Daily Technical Update - with Tesla and Cocoa
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 rejected at Gap resistance
- Hang Seng key support at 16,095
- S&P 500 closed gap. Correction now unfolding ?
- Nasdaq 100. Top and reversal still intact. Needs to close above 18,417
- EuroStoxx50 higher
- DAX uptrend. Indicators pointing to higher levels 19K?
- AEX25 key support at 837. Gap support at 872 is key
- CAC40. Trading sideways
- SMI20 rejected at 11,808 resist but likely to test again
- Time 4.30
- EURUSD could be caught range bound 1.08-1.09
- GBPUSD key support at 1.2600. Bounce
- USDJPY testing 2022 peak at 151.95
- EURJPY retraced 0.382 at 163.39, could drop to 162.17 before rebounding
- AUDJPY hit 100 then top and reversal pattern , bouncing fromat 98.20
- EURCHF above 0.9775 resistance, could push to 0.9840-0.9860
- USDCHF testing strong resist at 0.9050. Next resist is 0.91
- Dollar Index key strong resistance at 104.24
- Time 9.37
- Gold failed to close above 2,195, key support at 2,146
- Silver retraced to 24.50, could it slide back to 24 maybe even 23.60, uptrend intact potential to 26
- Copper could slide to 0.618 retracement at 395
- Cocoa could have topped after spiking above 10K
- US 10-year T-yields likely to be range bound 4.20-4.35
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