Stocks

CME Group may fall to 177.00 - 180.40

2024-06-20

202.5 is our pivot point.

Our preference

The downside prevails as long as 202.5 is resistance.

Alternative scenario

Above 202.5, look for 208.5 and 212.

Comment

The RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 202.839 and 207.436).

Supports and resistances

212 **

208.5 *

202.5 **

200.2

196.53 (USD-last)

183.8

180.4 **

177 *

173.5 **

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

This is not investment advice. Past performance does not represent future performance. Your funds are at risk, please trade with caution and responsibility.


Author:

Paul Reid
Tradingtop

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