Cramer's Corner: Daily Technical Update with Nvidia and Gold
Technical analysis

Cramer's Corner: Daily Technical Update with Nvidia and Gold

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:

  • Nvidia sell-off likely to continue. Don’t catch a falling knife
  • S&P 500 support at 4,953, expect bounce
  • Nasdaq 100 likely minor bounce from 16,963 support
  • EuroStoxx50 support at 4,888 minor bounce
  • DAX bouncing from support at 17,620
  • AEX25 climbing back above support at 860 but downtrend
  • CAC40. Bouncing but downtrend intact resist at 8,120
  • SMI20 strong rebound Friday likely trying to move to 11,386
  • Time 5.45
  • EURUSD Range bound 1.06-1.07?
  • GBPUSD below support at 1.2375. No strong support until around 1.2225
  • USDJPY uptrend intact upside potential to 155.30
  • EURJPY resistance at 165.30 is key for further upside
  • AUDJPY above 100 then likely to push higher
  • GBPJPY range bound 190- 192.75
  • AUDUSD spiked to 0.6360 then bouncing back above 0.64
  • USDCAD correction to 1.3705, uptrend intact potential to 1.39
  • EURCHF can it reach 0.618 retracement at 0.9740?
  • USDCHF support at 0.90
  • Dollar Index hovering around 106
  • Time 10.58
  • Gold uptrend stretched, likely to test support at 2,319
  • Silver testing support at 27.60, below down to 26.40
  • Platinum correction down to 0.786 retracement at 915
  • Copper toppish, expect correction. LME Copper hit 10K
  • WTI resume correction likely down to 80
  • Brent support at around 84.75
  • US 10-year T-yields upside potential to 4.70-4.75 short-term

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