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. Top & reversal pattern intact. Plus new created Bear Engulfing. A correction almost certain. Support at 4,455
  • US500 cfd/future
  • Nasdaq 100. Correction down to 15K-14,687 likely
  • USNAS100 cfd/future
  • DAX/GER40 cfd correction ongoing testing key support at 16K
  • AEX25/NETH25 correction Uptrend still intact but watch skey levels
  • BEL20/BELG20 cfd
  • CAC40/FRA40 correction uptrend still intact but watch skey levels
  • Hang Seng sell-off. But uptrend intact
  • EURUSD failed to rebound. Now testing rising trend line once again
  • GBPUSD correction could it test 1.27 before rebound ?
  • USDJPY Bullish rejected at 0.786 retracement at 143.40. Expect minor setback
  • Dollar Index close to 0.786 retracement. Could spike 102.41 but correction stretched
  • AUDJPY bounced from 92. Rejected at 96  
  • Gold range bound between 1,940 -1,985
  • Copper uptrend intact but volatile
  • Brent oil Next resistance at 87.25
  • WTI Next resistance at 83.35
  • Wheat bounced from support at 0.786 retracement at 674.50

US 10-year Treasury yield Uptrend. Resistance at 4.1%.  

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