CME Group may rise to 235.70 - 238.60

220.1 is our pivot point.

Our preference

The upside prevails as long as 220.1 is support.

Alternative scenario

The downside breakout of 220.1 would call for 215.4 and 212.5.

Comment

The RSI is above its neutrality area at 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 220.923 and 215.8262).

Supports and resistances

241.4 **

238.6 *

235.7 **

233

227.17 (USD-last)

221.9

220.1 **

215.4 *

212.5 **

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