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 few cents from 5K, likely move to 5,100 but RSI divergence
  • Nasdaq 100. Eyeing 18K but RSI divergence
  • EuroStoxx50 uptrend stretched. RSI divergence
  • DAX struggling to stay above 17K, key support at 16,821, potential to 17,250-17,450
  • AEX25 spiking higher
  • BEL20 falling channel. Support 3,609
  • CAC40. Range bound support at 7,553, could pick up bullish trend
  • SMI20 top and reversal pattern, could test support at 11,057
  • Time 4.00
  • EURUSD bouncing from key strong support 1.0730
  • GBPUSD broken bearish range bound 1.2610-1.2775. Support at 1.25
  • USDJPY testing key resistance at 148.80 once again
  • EURJPY key strong support at 158.55
  • AUDJPY bouncing from rising trendline and support at 95.80 but sideways
  • GBPJPY could test key resistance once again
  • AUDUSD closed below 0.6520, SHS pattern likely unfolding
  • USDCHF breaking falling trendline, potential to 0.8820
  • Dollar Index closed above resistance at 104.27 but struggling for further upside
  • Time 7.29
  • Gold rejected 2,064 once again. Key support 2K
  • Silver likely to test support at 21.90
  • Copper bouncing from support around 372
  • WTI Crude oil testing rising trend line could drop to 70 or lower
  • Brent below rising trendline and below the Cloud. Could drop to 75-72
  • 10-year T-yields bouncing off lows back above 4% . key resistance at 4.20. Future bouncing from key support at 110 26/32

     

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