Cramer's Corner: Daily Technical Update with Nvidia
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:
- Nvidia closed bang on key support at 118
- S&P 500 key support at 5,576
- Nasdaq establishing downtrend. Strong support at 19,210
- EuroStoxx50 closed at key support at 4,888
- DAX. Back below 18,630
- AEX25 below key support at 918.50
- CAC40 key support 7,464. Key resistance at 7,725
- SMI20 correction but uptrend intact
- Time 4.37
- EURUSD broke above resist at 1.0916, next 1.0980
- EURGBP around key support at 0.84
- GBPUSD trading around 1.30, potential to 1.3135
- USDJPY dipped below now trading around 0.786 retracement
- EURJPY dipped below support at 170.50 trading around 0.618 retracement
- AUDJPY dipped below 0.618 retracement
- GBPJPY around 0.50 retracement
- AUDUSD bouncing from 0.382 retracement at 0.6713
- USDCAD wide range 1.3785-key support at 1.3590
- EURCHF testing 0.618 retracement at 0.9654
- USDCHF sold off to support at 0.8826
- Dollar Index below support at 103.68, looking at 102.70
- Time 8.51
- Gold new all-time high, potential to 2,512
- Silver rejected at 31.67 support at 30.07
- Copper sliding lower, support at 432.90 but could dip to 413
- WTI bounced from support at 80
- Brent Crude bounced from 0.382 retracement at 83.68
- US 10-year T-yields below key support at 4.17
- US 2-year T-yields support at 4.37
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