Cramer's Corner: Daily Technical Update with Arm Holdings and Cocoa
Technical analysis

Cramer's Corner: Daily Technical Update with Arm Holdings and Cocoa

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:

  • Arm Holding key support 120.16-115.21 gap area
  • S&P 500 top and reversal below rising trendline, key support at 5,057
  • Nasdaq 100. Top and reversal pattern intact. Support at 17,808
  • EuroStoxx50 top and reversal pattern support at 5,007 and 4,976
  • DAX top and reversal pattern. Testing trendline. Support at 17,900 and 17,620
  • AEX25 top and reversal pattern. Support at 872
  • CAC40. Below key support at 8,100, further sell-off expected
  • SMI20 below support at 11,536
  • Time 4.03
  • EURUSD rejected just below Fibonacci level, likely resuming downtrend
  • GBPUSD rejected at 0.382 retracement, likely resuming downtrend
  • USDJPY range bound 150.85-151.95
  • EURJPY likely testing 0.786 retracement at 164.77, resuming uptrend?
  • AUDJPY once again testing 100, can it close above?
  • GBPJPY key support at 190.
  • USDCAD failed to close above 1.3625
  • USDCHF stalling, correction ?
  • Dollar Index correction could be over resuming uptrend
  • Time 9.20
  • Gold reached 2,350. Could short-term top out but medium-term still up
  • Silver potential to 28.75-30.
  • Cocoa dipped below but did not close below 9,267. New highs next?
  • WTI Crude reached 1.618 projection at 87.22, potential to 90
  • Brent above resist at 90.50 potential to 93 area
  • US 10-year T-yields towards resistance around 4.50

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