CME Group may rise to 234.70 - 238.10

Our pivot point stands at 217.6.

Our preference

The upside prevails as long as 217.6 is support.

Alternative scenario

The downside breakout of 217.6 would call for 212.3 and 208.9.

Comment

The RSI is above 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 218.867 and 211.8678).

Supports and resistances

241.5 **

238.1 *

234.7 **

231.6

224.43 (USD-last)

219.8

217.6 **

212.3 *

208.9 **

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