CME Group Trading Analysis (18/12/2024)
The trend is up. The stock is trading between 365 and 135 moving averages. The downward truncated wave structure ended with the breach of the descending channel. There is a bullish divergence on the Awesome Oscillator and the Stochastic Oscillator also signals a bullish divergence.
Trading idea:
- Buy on the breach of 236.60.
- Stop-loss at 233.90.
- Price targets at 240.00 and 243.50.
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