CME Attempts a BreakoutCME Group could be attempting a breakout as the broader market struggles.
Notice how the exchange operator snuck above $231 a month ago, overcoming resistance from early November.
Second, CME pulled back and held the level on February 24 (after Russia invaded Ukraine). The 50-day simple moving average (SMA) was also coming up from below. Prices followed by making a higher low on March 1. (Notice the white arrows.) Both times, buyers quickly stepped in.
Third, the 8-day exponential moving average (EMA) has remained above the 21-day EMA.
Finally, MACD is attempting to turn positive again.
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