CME Group may fall to 185.30 - 188.70

Our pivot point is at 206.4.

Our preference

The downside prevails as long as 206.4 is resistance.

Alternative scenario

Above 206.4, look for 212.5 and 215.9.

Comment

The RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the stock is trading under both its 20 and 50 day moving average (respectively at 207.627 and 209.6632).

Supports and resistances

215.9 **

212.5 *

206.4 **

204.2

199.36 (USD-last)

192.3

188.7 **

185.3 *

181.8 **

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