Cramer's Corner: Daily Technical Update

In today’s Technical Update:

• S&P 500. Shoulder-Head-Shoulder Top & reversal pattern could be unfolding. Key support at 4,340. Cancelled above 4,459
• Nasdaq 100. In downtrend. Key support at 14,687.  Next at 14,254
• Hang Seng testing resistance at 18,562 resist. A close above could lead to 19K. But is likely to resume downtrend
• DAX Key support at 15,482
• AEX25 downtrend. key support at 731.Next support at 716. Resistance at 748
• BEL20 downtrend. Key support at 3,550
• CAC40 Downtrend. Key support at 7,083  
• EURUSD downtrend but could see a short-term bounce to 1.09
• Dollar Index uptrend. Room to 104.82. Strong resistance at 105.80. expect short-term correction to 103.00
• GBPUSD downtrend. Hovering around key support at 1.2590. Could bounce to 1.27-1.2750 before downtrend to resume
• USDJPY uptrend intact. Strong resistance at 146.35. Below 144.50 expect correction to 143
• EURJPY uptrend but short term range bound
• Gold downtrend but bouncing from below 1,900. Strong support at 1,870
• Copper rejected at 382 likely to resume downtrend    
• Silver Bullish but resistance at 24,50
• Platinum short-term bullish but facing strong resistance
• Palladium range bound 1,200-13,45
• Brent correction ongoing. Likely to be range bound between 81.75 and 88.20
• Dutch Gas Bullish sentiment but struggling for momentum
• US 10-year Treasury yields top and reversal pattern could correct to 4.10-4.00
• US 10-year Treasury future Doji Morning bottom and reversal

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