Buyers pushing Wells Fargo towards its price target of $37.61; currently at $36.94

• Bullish session prepares challenge of $37.61 level, currently 67 cents above current price of $36.94
• The lower Bollinger Band® is currently at $53 while the higher band is at $58.29

As the trading day commences, technical analysis suggests Wells Fargo & Company's run now faces a challenge at $37.61, which is only 67 cents away and will be interesting to follow.

As the day gets underway, chart analysis suggests Brown & Brown's recent run now faces a major challenge as concentrated supply is likely found at $58.34 with price action currently 10 cents away. With regards to technical trend indicators, chart analysis show that Brown & Brown's CCI indicator is above +100. Analysis based on the asset volatility indicates that Brown & Brown's upper Bollinger Band® is now at $58.29.

Overall, while Brown & Brown has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

Trend-focused traders would be interested to note that CME Group's CCI indicator has broken above +100, indicating that prices are unusually high compared to the rolling average. Asset volatility analysis shows that CME Group's upper Bollinger Band® is at $195.29.

For the time being, CME Group remains flat without a clear direction.

Around $128.03, Hanover Insurance Group can look to establish a new bullish phase beyond its 5 day Simple Moving Average. Despite this, Hanover Insurance Group's run now faces a challenge at $129.51, which is only $1.13 away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow. Hanover Insurance Group has formed a "Bearish Engulfing” pattern.

Overall, looking at the technical analysis landscape, it seems Hanover Insurance Group might continue pointing upwards in the short term.

Fundamental indicators – United States ADP Nonfarm Employment Change (Mar) came out at 145,000, while a consensus of analysts was expecting 200,000.

Upcoming fundamentals: United States Crude Oil Inventories is projected to outperform its last figure with -2.33 million. It previously stood at -7.49 million; data will be released today at 14:30 UTC.