CME Group may fall to 192.40 - 196.20

Our pivot point is at 218.9.

Our preference

As long as 218.9 is resistance look for 196.2.

Alternative scenario

The upside breakout of 218.9 would call for 225.3 and 229.1.

Comment

The RSI is below 50. The MACD is positive and above its signal line. The break above the 50 area on the RSI would call for further upside. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 210.3275 and 211.7134).

Supports and resistances

229.1 **

225.3 *

218.9 **

216.3

208.52 (USD-last)

199.9

196.2 **

192.4 *

188.5 **

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