Cramer's Corner: Daily Technical Update with Tesla and Cocoa
Technical analysis

Cramer's Corner: Daily Technical Update with Tesla and Cocoa

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:

  • Tesla under pressure. Key support at 160.50
  • S&P 500 top and reversal below rising trendline
  • Nasdaq 100. Top and reversal pattern intact. Support at 17,808
  • EuroStoxx50 top and reversal pattern support at 4,976
  • DAX top and reversal pattern. Sell-off to 17,900?
  • AEX25 top and reversal pattern. Support at 872
  • CAC40. Rejected at peak. Likely correction unfolding
  • SMI20 uptrend. Could be range bound 11,536-11,800
  • Time 4.18
  • EURUSD likely to drop to 1.07 possibly 1.0660, Minor support at 1.0723
  • GBPUSD likely to test support at 1.25
  • USDJPY range bound 150.85-151.95
  • EURJPY correction to 0.618 retracement at 162.17
  • AUDJPY correction over? Key support 98.20
  • AUDUSD testing key support at 0.6450, could drop to 0.64
  • EURCHF top and reversal could sell off to 0.9622
  • USDCHF could test resist at 0.91, expect minor correction
  • Dollar Index resist at 104.88
  • Time 9.10
  • Gold reached 2.00 at 2,288, correction ?
  • Silver above 26.00 short-term 26.75 likely
  • Cocoa key support 9,267
  • WTI Crude uptrend minor resist at 84.30 potential to 87
  • Brent above resist at 87.35 potential to 90.50
  • US 10-year T-yields above 4.35, next resist at 4.50

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


The Saxo Bank Group entities each provide execution-only service and access to Analysis permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to Saxo News & Research and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to Saxo News & Research is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on Saxo News & Research or as a result of the use of the Saxo News & Research. Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. Saxo News & Research does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of our trading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws.

Please read our disclaimers:
- Notification on Non-Independent Investment Research (
- Full disclaimer (
- Full disclaimer (

Boulevard Plaza, Tower 1, 30th floor, office 3002
Downtown, P.O. Box 33641 Dubai, UAE

Contact Saxo

Select region


Trade responsibly
All trading carries risk. Read more. To help you understand the risks involved we have put together a series of Key Information Documents (KIDs) highlighting the risks and rewards related to each product. Read more

Saxo Bank A/S is licensed by the Danish Financial Supervisory Authority and operates in the UAE under a representative office license issued by the Central bank of the UAE.

The content and material made available on this website and the linked sites are provided by Saxo Bank A/S. It is the sole responsibility of the recipient to ascertain the terms of and comply with any local laws or regulation to which they are subject.

The UAE Representative Office of Saxo Bank A/S markets the Saxo Bank A/S trading platform and the products offered by Saxo Bank A/S.