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. Downtrend. Broken below key support at 4,455. Likely to drop to support at 4,340
  • Nasdaq 100. Downtrend . Support at 14,750 and 14,254
  • Hang Seng bearish. Closed above support at 18,052. Further down side likely towards 17K
  • DAX Bearish. Rejected at 16K.  Likely to drop to 15,482 support area
  • AEX25 Bearish. Support at 748
  • CAC40 Key support at 7,251. If broken downtrend to 7,100 
  • EURUSD Likely to be range bound between 1.0833 and 1.1065. Key support at 1.0833. Close below Short- and medium-term trend down. 
  • Dollar Index rejected at key resistance at 103.28. Close above uptrend on medium-term.
  • GBPUSD is struggling for upside momentum. Key support at 1.2590. a close below likely sell off to 1.23 area. RSI still bullish 
  • USDJPY broken resistance at 145. Next is 148 
  • EURJPY above strong resist at 158. Likely to move to 160.60
  • AUDUSD free fall. Currently below support at 0.64. Likely to drop further. Support at 0.6185. But expect correction
  • Gold XAUUSD testing June lows at 1,892. RSI bearish. 200 MA giving. Closing of the week will be crucial some support but could drop to 1,870
  • Silver XAGUSD testing June lows at at around 22.15
  • Copper below 370.  Next support at 360-356
  • Brent correction finding support at 83. Could dip to 81.75 before bouncing
  • Dutch Gas uptrend.
  • US 10-year uptrend. Could break above 2022 peak to 4.35
  • US 2-year breaking bullish out of triangle pattern. Resistance at 5%

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