CME Group may rise to 219.90 - 223.40

Our pivot point stands at 199.5.

Our preference

The upside prevails as long as 199.5 is support.

Alternative scenario

Below 199.5, expect 193.3 and 189.9.

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 201.6025 and 198.6988).

Supports and resistances

227.2 **

223.4 *

219.9 **

216.1

207.88 (USD-last)

201.7

199.5 **

193.3 *

189.9 **

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