Cramer's Corner: Daily Technical Update with Stock of the Day: Alibaba
Technical analysis

Cramer's Corner: Daily Technical Update with Stock of the Day: Alibaba

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:

  • Stock of the Day: Alibaba rebounded from key support
  • S&P 500. Uptrend with potential to 5,400-5,500
  • Nasdaq 100 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, correction? Support at 8,126
  • SMI20 bullish potential to 12,056 short-term
  • Time 4.31
  • EURUSD testing key strong resistance at 1.0885. RSI positive indicating higher EURUSD
  • GBPUSD key strong resistance at 1.2710. RSI positive
  • USDJPY bounced from 0.618 retracement at 153.74. Still bullish potential to 158.45
  • EURJPY a break above 169.50 upside to 171.65
  • AUDJPY uptrend stretched. Strong resist at 104, could it push to 105?
  • GBPJPY upside potential to 198.65
  • AUDUSD bullish potential to 0.6750-0.6820
  • USDCAD below 1.3618, likely to drop to 0.786 retracement at 1.3556
  • EURCHF above resistance at 0.9835. Could push towards 0.9917. 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 10.32
  • Gold resistance at 2,400 but bullish potential to 2,431
  • Silver testing previous peak at 29.80, likely correction
  • Platinum expect minor correction but upside to potential to 1,130
  • Copper uptrend stretched short-term, correction could hit possibly down to 470-460
  • WTI selling pressure easing.
  • Brent Crude support around 81.42-80.72, likely bounce to 84.75
  • US 10-year T-yields 0.786 retracement at 4.29, expect rebound

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