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:

  • Tesla bouncing once again from support at 160.51
  • S&P 500 top and reversal below rising trendline, key support at 5,057
  • 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. Testing trendline. Support at 17,900 and 17,620
  • AEX25 Key support at 872
  • CAC40. Downtrend
  • SMI20 below support at 11,536
  • Time 3.50
  • EURUSD rejected just below Fibonacci level, likely resuming downtrend
  • GBPUSD rejected at 0.382 retracement, likely resuming downtrend
  • USDJPY range bound 150.85-151.95
  • EURJPY likely to test previous peak.  If broken potential to 166.40
  • AUDJPY once again testing 100, can it close above?
  • GBPJPY key support at 190. Testing 0.618 retracement
  • EURCHF resistance at 0.9842
  • USDCHF stalling, correction ?
  • Dollar Index correction could be over resuming uptrend
  • Time 9.14
  • Gold spiking higher. Could short-term top out but medium-term still up potential to 2,400
  • Silver potential to 28.75-30.
  • Platinum on the move. Could it reach 1,000 ?
  • Palladium trying to tag along
  • WTI Crude reached 1.618 projection at 87.22, potential to 90
  • Brent above resist at 90.50 potential to 93 area
  • US 10-year T-yields towards resistance around 4.50

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

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