CME Group may rise to 203.60 - 206.10

Our pivot point stands at 190.1.

Our preference

Short term rebound towards 203.6.

Alternative scenario

The downside breakout of 190.1 would call for 186 and 183.5.

Comment

The RSI is below 50. The MACD is negative and above its signal line. The configuration is mixed. Moreover, the share stands below its 20 and 50 day moving average (respectively at 195.6405 and 202.4654).

Supports and resistances

208.7 **

206.1 *

203.6 **

201

193.43 (USD-last)

191.8

190.1 **

186 *

183.5 **

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