Cramer's Corner: Daily Technical Update with look at Semiconductors
Technical analysis

Cramer's Corner: Daily Technical Update with look at Semiconductors

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:

  • Semiconductors (SOXX Index/ETF) bullish, RSI pointing to higher levels
  • S&P 500. RSI conforming uptrend. Likely testing previous peak
  • Nasdaq 100 RSI conforming uptrend. Potential to +19K
  • EuroStoxx50 uptrend likely move to 5,200
  • DAX. Bullish potential to 19,150
  • AEX25 strong bullish trend, 917 likely
  • CAC40 rejected at all-time highs at 8,254, can it close above?
  • SMI20 bullish potential to 15,056 short-term
  • Time 4.13
  • EURUSD testing key strong resistance at 1.0885. RSI positive
  • GBPUSD testing key strong resistance at 1.2710. RSI positive
  • USDJPY corrected to 0.618 at 153.74. Still bullish
  • EURJPY Correction but still upside potential to 170
  • AUDJPY rejected at 0.786 retracement support at 102.45
  • GBPJPY rejected at 0.618 retracement at 197.10,minor correction
  • AUDUSD bullish potential to 0.6750-0.6819
  • USDCAD below 1.3618, likely to drop to 0.786 retracement at 1.3556
  • EURCHF resistance at 0.9835. Support at 0.9675
  • USDCHF testing key support at 0.90
  • Dollar Index below support at 104.84, likely down to 103.84-103.68
  • Time 9.56
  • Gold bullish potential to 2,431
  • Silver testing previous peak at 29.80
  • Platinum expect minor correction but upside to potential to 1,130
  • Copper uptrend stretched short-term
  • WTI closing below rising trendline. Below 200 DMA
  • Brent Crude support around 81.42-80.72
  • US 10-year T-yields 0.786 retracement at 4.29

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

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