Cramer's Corner: Daily Technical Update
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:

  • Apple to open higher after earnings
  • S&P 500 likely resuming downtrend, resist at 5,146. Support 4,953. Range bound?
  • EuroStoxx50 Resist at 5,053, testing key support at 4,888
  • DAX. Key resistance at 18,192. Support at 17,620
  • AEX25 key resistance at 883
  • CAC40 resistance at 8,126. Key support at 7,875 and 7,812
  • SMI20 resistance at 11,379, could sell off to 11K
  • Time 3.30
  • EURUSD 1.0752-1.0665 range bound
  • GBPUSD rejected at 0.618 retracement, support at 1.2449
  • JPY pars uptrend in jeopardy. Indicators still bullish
  • USDJPY testing 0.786 retracement. Needs to close above 158 for uptrend
  • EURJPY testing 0.786 retracement at 164.29
  • AUDJPY dipped below 0.618 retracement to 100. Will it close above
  • GBPJPY trading around 0.382/0.618 retracement
  • AUDUSD trying once more to break above 0.6585 and 100 DMA
  • USDCAD uptrend fizzling but still potential to 1.3930
  • EURCHF double top or just a correction 0.9850 is key
  • USDCHF uptrend stretched . RSI divergence. Could retrace back to 0.90
  • Dollar Index rejected at 106.32. Below support at 105.27
  • Time 10.40
  • Gold correction unfolding possibly down to 2,255. 2,207?
  • Silver correction could dip lower to 25.60
  • Copper short-term top and reversal, likely correction to 441-433
  • WTI short-term bearish testing trendline
  • Brent Crude testing rising trendline
  • Cocoa could collapse to 6,500
  • US 10-year T-yields looks a bit stretched short-term, likely correction

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