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:

  • Vestas Wind breaking deadlock, resistance at 217.45
  • S&P 500. Top and reversal pattern
  • Nasdaq 100 Top and reversal pattern
  • EuroStoxx50 correction unfolding, key support 4,888
  • DAX. Rebounding, could it make new high? Support around 18,191
  • AEX25 Toppish but strong uptrend
  • CAC40 bounced from support at 8,042
  • SMI20 correction likely down to 11,800-11,720
  • Time 4.35
  • EURUSD rebounding likely to test resist at 1.0885, potential to 1.10
  • EURGBP key strong support at 0.85
  • GBPUSD likely to test resistance at 1.28
  • USDJPY struggling to break 0.786 retracement at 157
  • EURJPY stretched upside to 171.65
  • AUDJPY crawling higher towards previous peak, uptrend stretched
  • GBPJPY rising channel, uptrend stretched
  • AUDUSD uptrend but struggling, could test May peak at 0.61714 with potential to break higher
  • USDCAD Upside potential to 1.3850-1.39. Below 1.3590 downside to 1.35-1.3450
  • EURCHF eyeing par 1.00. Can it reach it?
  • USDCHF key support at 0.90
  • Dollar Index likely bearish down to 103.68
  • Time 10.00
  • Gold rebounding, above 2,385 likely testing al-time highs
  • Silver strong rebound from 30
  • Platinum rebounding from 1,015
  • Copper rebounding from 0.618 retracement at 474.50.
  • WTI rebounding from 76.60.
  • Brent Crude rebounding from 80.72
  • US 10-year T-yields rebounding from 0.786 retracement at 4.29. Resist at 4.53

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