Commerce Bancshares bearish trend is facing a possible turning point at $55.24
Commerce Bancshares's upper Bollinger Band® is at $60.37.

Chart analysis indicates First Citizens BancShares, Inc. is eyeing the $973.08 support line. According to momentum evaluation, the Relative Strength Index indicates First Citizens Bank is in an overbought condition.

Bearish run for Commerce Bancshares is facing a possible turning point at $55.24, which is only 84 cents away. If this support line fails to hold, the next target will be at $54.04. Commerce Bancshares made an initial foray below its 5 day Simple Moving Average around $55.76. On the other hand, note that Commerce Bancshares's lower Bollinger Band® is at $54.2, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains.

Overall, looking at the technical analysis landscape, it seems that although indicators are mixed and some are pointing in different directions further drawbacks may be next for Commerce Bancshares.

Around $338.53, MarketAxess Holdings can look to establish a new bullish phase beyond its 5 day Simple Moving Average. A convincing break of this target could pave the way for deeper losses.

Despite muted price action in MarketAxess, chart analysis indicates it is positioned for a bullish run in the short term.

Trend and momentum analysis indicates that Reinsurance Group of America's CCI indicator is above +100. Analysis based on the asset volatility indicates that Reinsurance Group of America's upper Bollinger Band® is now at $141.17. Reinsurance Group of America chart analysis: Reinsurance Group of America's recent run now faces a major challenge as concentrated supply is likely found at $140.41 with price action currently 8 cents away.

For the time being, Reinsurance Group of America remains flat without a clear direction.

Fundamental indicators – United States Building Permits (Mar) came out at 1.41 million, while a consensus of analysts was expecting 1.45 million.

Upcoming fundamentals: as things stand, upcoming United States Crude Oil Inventories data is projected to fall short of market expectations with newly published data of -2.46 million, following on from the preceding figure of 597,000. New data is set to be published tomorrow at 14:30 UTC.