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. Rejected at 4,527 resistance. Key support at 4,340. RSI rejected at 60
  • Nasdaq 100. Uptrend. RSI still rejected at 60
  • Hang Seng closing below resistance at 18,562. A close above could lead to 19K. But is likely to resume downtrend. Market closed Friday
  • DAX Key resistance at 16,060. Above – uptrend. Key support at 15,482
  • AEX25 Range bound between 730 and 750. Strong resistance 763Next support at 716. Resistance at 748
  • BEL20. Key support at 3,550. Rejected at strong resistance 3,696
  • CAC40 Uptrend resumed but not confirmed by RSI i.e., fragile.  
  • EURUSD Downtrend resumed
  • Dollar Index uptrend but correction likely down to 103-102.40 before uptrend likely to resume
  • GBPUSD downtrend
  • USDJPY uptrend intact but range bound. Strong resistance at 146.55. A close below 144.50 expect correction to 143
  • EURJPY closed higher but struggling for momentum. Range bound
  • AUDJPY Range bound. Strong resistance at 95.85
  • GBPJPY range bound 183.35-186.65
  • Gold rejected at resistance at 1,947.
  • Silver uptrend
  • Copper above 382 Pivot. Can it built uptrend
  • Brent resuming uptrend. Resistance at 88.10 is key
  • US 10-y Treasury yields top and reversal pattern could correct to 4.10-4.00

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

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