CME Group may fall to 180.80 - 184.30

Our pivot point is at 201.4.

Our preference

The downside prevails as long as 201.4 is resistance.

Alternative scenario

The upside breakout of 201.4 would call for 207.3 and 210.9.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 205.182 and 208.3512).

Supports and resistances

210.9 **

207.3 *

201.4 **

199.2

195.61 (USD-last)

187.6

184.3 **

180.8 *

177.3 **

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