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May 08, 2023- Strong bullish sentiment set to meet bearish fightback around key resistance at $187.28, currently $1.07 away
- Upper Bollinger Band® currently at $194.27
Technical analysis shows that Morningstar, Inc.'s run now faces a challenge at $187.28, which is only $1.07 away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
Around $12.41, ING Group can look to establish a new bullish phase beyond its 10 day Simple Moving Average. ING Group is alternating around the $12.31 Fibonacci resistance level. In contrast, it will be interesting to follow how ING Group's run now faces a challenge at $12.51, which is only 8 cents away.
Overall, looking at the technical analysis landscape, it seems ING Group might continue pointing upwards in the short term.
Trend and momentum analysis indicates that despite posting gains on Friday, CME Group slid below its 200 day Simple Moving Average at $183.7 during the last session — an early indicator that a negative trend could be emerging. Asset volatility analysis shows that CME Group's lower Bollinger Band® is at $181.47, indicating that the market is oversold and fertile for new buyers. Technical analysis of CME Group's past price action reveals multiple support and resistance levels: CME Group's recent run now faces a major challenge as concentrated supply is likely found at $186.46 with price action currently $1.33 away.
For the time being, CME Group remains flat without a clear direction.
Around $57.97, Stifel can look to establish a new bullish phase beyond its 5 day Simple Moving Average. Stifel's lower Bollinger Band® is now at $56. Despite this, Stifel's run now faces a challenge at $58.3, which is only 33 cents away and will be interesting to follow.
Overall, looking at the technical analysis landscape, it seems Stifel might continue pointing upwards in the short term.
Upcoming fundamentals: United States EIA Short-Term Energy Outlook is scheduled for tomorrow at 16:00 UTC.
