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 above GAP resistance, could move to 240?
  • S&P 500 resistance at 5,146. Support 4,953
  • Nasdaq 100 Resist at 17,808/18K.Support at 16,963
  • EuroStoxx50 resist at 5,053
  • DAX key resistance at 18,192
  • AEX25 closed back below resistance at 883
  • CAC40 resistance at 8,126
  • SMI20 resistance at 11,379
  • Time 3.48
  • EURUSD could correct to 1.0777. below 1.0670 downtrend
  • GBPUSD rejected at 0.618 retracement, Resuming downtrend?
  • JPY uptrend intact could be range bound next week or so
  • USDJPY 154.40 key support
  • EURJPY 2013 spike at 105.46 resistance
  • AUDJPY spike and correction but uptrend intact
  • GBPJPY key support at 194
  • AUDUSD rejected at 0.786 retracement at 0.6584
  • USDCAD likely resuming uptrend with potential to 1.39
  • EURCHF seems to be rejected at 0.786 retracement at 0.9788
  • USDCHF support at 0.90
  • Dollar Index correction to 105-104.84 still in the cards
  • Time 9.46
  • Gold is a correction unfolding?
  • Silver likely to drop to 26.40 possibly to 25.50
  • Copper bullish to 490-500
  • WTI and Brent Crude uptrend intact but sideways for now
  • Cocoa taking out key support, bubble deflating? Next support at 8,500-7,800
  • US 10-year T-yields looks a bit stretched short-term, likely correction

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