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:

  • S&P 500. New high but not higher close. Top & reversal pattern still intact. If closing above 4,579 it will be cancelled. Support at 4,455
  • Nasdaq 100. Correction down to 15K-14687 likely
  • DAX closed above 16,210 i.e., uptrend but not confirmed by indicators
  • AEX25 Range bound between 781 and 748
  • CAC40 Broken above resist at 7,403 but indicators not supporting bullish break. However, no resist until 7,581  
  • LVMH
  • Rolls Royce
  • 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 Rebound facing resistance at 142. Expect setback before break of 158
  • EURJPY rejected at key resist at 158. Expect minor setback but
  • EURGBP Double bottom pattern cancelled. Downtrend resumed. Could test 0.85
  • Gold uptrend but short-term correction to 1,940-1,930 likely
  • Copper could be building uptrend.  Minor resistance at around 395   
  • Brent above resistance at 83. Next resistance at 87.25
  • WTI above resistance at 79.20. Next resistance at 83.35
  • Wheat testing June peak at 784. Likely higher prices next few weeks
  • US 10-year Treasury yield resuming uptrend. Likely to get back to 4%

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