CME Group may rise to 223.20 - 226.80

Our pivot point is at 205.5.

Our preference

Short term rebound towards 223.2.

Alternative scenario

The downside breakout of 205.5 would call for 199.4 and 195.8.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the stock is trading above its 20 day moving average (210.2625) but under its 50 day moving average (212.254).

Supports and resistances

230.2 **

226.8 *

223.2 **

219.6

210.35 (USD-last)

207.8

205.5 **

199.4 *

195.8 **

Number of asterisks represents the strength of support and resistance levels.