Cramer's Corner: Daily Technical Update
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. 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
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