Equities webinar with Peter Garnry
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:

  • Maersk rejected at key resistance
  • S&P 500. tested previous peak but rejected.
  • Nasdaq tested previous peak but rejected Support at 19,347
  • EuroStoxx50 breaking resistance at 4,949
  • DAX. Support at 18,191
  • AEX25 below key support at 918.50
  • CAC40 likely to re-test key support 7,464
  • SMI20 below lower band and support in the range 12,182-11,955
  • Time 4.28
  • EURUSD bounce from key support at 1.0665 running out of steam
  • EURGBP testing 0.85
  • GBPUSD downtrend but positive RSI
  • USDJPY Stretched but could continue
  • EURJPY upside potential to 174.25 but stretched
  • AUDJPY likely to test 107.88 – October 2007 peak. Will it form top pattern?
  • GBPJPY No strong resist before 214, but likely correction earlier
  • AUDUSD bouncing from support at 0.6580. Resist at 0.6715
  • USDCAD bullish, resist at 1.3785, upside potential to 1.3850
  • EURCHF above 0.9675, could push higher
  • USDCHF above resistance . RSI testing 60
  • Dollar Index resistance at 106.33
  • Time 11.09
  • Gold support 2,285, strong resist at 2,388
  • Silver testing support at 28.70
  • Platinum key resistance at 1,015
  • Copper below key support at 443, could drop to 424-416
  • WTI bullish, resist at 83.83-84.46
  • Brent Crude uptrend, resist at 89.33
  • US 10-year T-yields rejected at resistance at 4.47

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

Quarterly Outlook

01 /

  • 350x200 peter

    Macro: Sandcastle economics

    Invest wisely in Q3 2024: Discover SaxoStrats' insights on navigating a stable yet fragile global economy.

    Read article
  • 350x200 althea

    Bonds: What to do until inflation stabilises

    Discover strategies for managing bonds as US and European yields remain rangebound due to uncertain inflation and evolving monetary policies.

    Read article
  • 350x200 peter

    Equities: Are we blowing bubbles again

    Explore key trends and opportunities in European equities and electrification theme as market dynamics echo 2021's rally.

    Read article
  • 350x200 charu (1)

    FX: Risk-on currencies to surge against havens

    Explore the outlook for USD, AUD, NZD, and EM carry trades as risk-on currencies are set to outperform in Q3 2024.

    Read article
  • 350x200 ole

    Commodities: Energy and grains in focus as metals pause

    Energy and grains to shine as metals pause. Discover key trends and market drivers for commodities in Q3 2024.

    Read article

Content disclaimer

None of the information provided on this website constitutes an offer, solicitation, or endorsement to buy or sell any financial instrument, nor is it financial, investment, or trading advice. Saxo Bank A/S and its entities within the Saxo Bank Group provide execution-only services, with all trades and investments based on self-directed decisions. Analysis, research, and educational content is for informational purposes only and should not be considered advice nor a recommendation.

Saxo’s content may reflect the personal views of the author, which are subject to change without notice. Mentions of specific financial products are for illustrative purposes only and may serve to clarify financial literacy topics. Content classified as investment research is marketing material and does not meet legal requirements for independent research.

Before making any investment decisions, you should assess your own financial situation, needs, and objectives, and consider seeking independent professional advice. Saxo does not guarantee the accuracy or completeness of any information provided and assumes no liability for any errors, omissions, losses, or damages resulting from the use of this information.

Please refer to our full disclaimer and notification on non-independent investment research for more details.


Business Hills Park – Building 4,
4th Floor, office 401, Dubai Hills Estate, P.O. Box 33641, Dubai, UAE

Contact Saxo

Select region

UAE
UAE

All trading and investing comes with risk, including but not limited to the potential to lose your entire invested amount.

Information on our international website (as selected from the globe drop-down) can be accessed worldwide and relates to Saxo Bank A/S as the parent company of the Saxo Bank Group. Any mention of the Saxo Bank Group refers to the overall organisation, including subsidiaries and branches under Saxo Bank A/S. Client agreements are made with the relevant Saxo entity based on your country of residence and are governed by the applicable laws of that entity's jurisdiction.

Apple and the Apple logo are trademarks of Apple Inc., registered in the US and other countries. App Store is a service mark of Apple Inc. Google Play and the Google Play logo are trademarks of Google LLC.