CME Group may fall to 180.70 - 183.80

Our pivot point stands at 200.4.

Our preference

The downside prevails as long as 200.4 is resistance.

Alternative scenario

The upside breakout of 200.4 would call for 206.1 and 209.2.

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 stock is trading under both its 20 and 50 day moving average (respectively at 199.5055 and 206.198).

Supports and resistances

209.2 **

206.1 *

200.4 **

198.2

194.1 (USD-last)

187.1

183.8 **

180.7 *

177.4 **

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