CME Group may rise to 211.20 - 214.50

Our pivot point stands at 193.4.

Our preference

Our next up target stands at 211.2.

Alternative scenario

The downside breakout of 193.4 would call for 188 and 184.9.

Comment

The RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to call for further upside. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 197.458 and 199.0022).

Supports and resistances

217.7 **

214.5 *

211.2 **

208

199.83 (USD-last)

195.3

193.4 **

188 *

184.9 **

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