CME Group may rise to 209.80 - 212.60

195.3 is our pivot point.

Our preference

The upside prevails as long as 195.3 is support.

Alternative scenario

The downside breakout of 195.3 would call for 190.7 and 187.9.

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 197.2415 and 200.3978).

Supports and resistances

215.2 **

212.6 *

209.8 **

206.9

200.54 (USD-last)

197.1

195.3 **

190.7 *

187.9 **

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