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:

  • S&P 500 correction unfolding after RSI divergence. Support at 4,793
  • Nasdaq 100. RSI divergence. Correction unfolding. Support at 16,969. Weekly top and reversal pattern?
  • EuroStoxx50 RSI divergence but no top and reversal
  • DAX rejected at 17K. Likely bearish move
  • AEX25 reached 1.764 projection. Uptrend stretched
  • BEL20 in falling (corrective?) channel
  • CAC40. All time high. Likely to continue
  • SMI20 top and reversal pattern ?
  • Time 4.19
  • EURUSD likely to drop to key strong support at 1.0730
  • GBPUSD range bound 1.26-127.75
  • USDJPY testing support at 146.65
  • EURJPY below support at 158.55
  • AUDJPY testing support at 95.80 and lower rising trendline
  • GBPJPY rejected at 188.66
  • AUDUSD testing key support at 0.6520
  • Dollar Index could resume bullish trend. Resistance at 104.27
  • Time 8.06
  • Gold caught range bound 2K -2.065   
  • Silver strong support at 21.88. below 55 and 200 DMA
  • Copper trying to build upside momentum but is failing
  • WTI Crude strong resistance at 79.77 . Cloud resistance
  • Brent strong resistance at 84.75
  • US 10-year T-yields closed yesterday belo9w support at 3.91. Future still below key resist at 112 26/32

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