Cramer's Corner: Daily Technical Update with Novo Nordisk, JPY pairs rebounding. Copper under pressure
Technical analysis

Cramer's Corner: Daily Technical Update with Novo Nordisk, JPY pairs rebounding. Copper under pressure

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:

    • Novo Nordisk key support at 816
    • Nikkei future bounced 0.618
    • S&P 500. Resistance at 5,315
    • Nasdaq resist at 18,333
    • EuroStoxx50 support at 4,500, resist at 4,639
    • DAX. Support at 17,118/17,154, resist at 17,620
    • AEX25 support at 849/845. Resist at 878
    • CAC40 support around 6,960
    • SMI20 support around 11,500. 200 SMA
    • Time 5.00
    • EURUSD spiked to 1.10, failed to close above resistance at 1,0980
    • EURGBP spiked to 0.8610
    • GBPUSD below strong support at 1.27
    • USDJPY rebounding likely to 149.20
    • EURJPY could rebound to 162.45
    • AUDJPY could rebound to 97.50
    • GBPJPY could rebound to 190.83
    • AUDUSD rebound could continue to 0.618 at 0.6625
    • USDCAD below key support at 1.3785
    • EURCHF likely rebound to 94.25, could rebound to 0.95
    • USDCHF bounced from support at 0.8330, possibly up to 0.8670
    • Dollar Index spiked below support at 102.30, rebounding
    • Time 10.12
    • Gold key support 2,353
    • Silver bearish below 27.40, could drop to 26
    • Copper trading around support at 396.75, could drop to 383
    • WTI support at 72.41
    • Brent Crude spiked below support at 76, closed above
    • US 10-year T-yields likely rebound to 3.90, could continue to 4%

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

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