CME Group may rise to 231.50 - 234.40

Our pivot point stands at 216.1.

Our preference

As long as 216.1 is support look for 231.5.

Alternative scenario

Below 216.1, expect 211.1 and 208.2.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and below its signal line. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 219.5275 and 213.7828).

Supports and resistances

237.5 **

234.4 *

231.5 **

228.4

221.25 (USD-last)

218.1

216.1 **

211.1 *

208.2 **

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