- CME Group's downtrend is set to be challenged by looming key support at $173.75
- Integra's upper Bollinger Band® is at $55.57 which indicates a further downward move may follow.
Louisiana-Pacific Corporation made an initial foray below its 10 day Simple Moving Average around $62.12. Despite this, LP's downtrend might be halted by its support level at $61.53, which is only 50 cents away.
Looking forward, Louisiana-Pacific is poised to extend its strong downtrend and continue declining.
$53.5 marks the crossover point where Integra LifeSciences price action falls below its 5 day Simple Moving Average. On the other hand, note that Integra LifeSciences is eyeing the $52.78 support line.
Following today's unexpected losses, extensive multifactorial technical analysis forecasts Integra LifeSciences to buck against its prevailing uptrend and begin to dip lower in the short term. With all probabilities considered, the the medical device manufacturing company is expected to attract significant bearish sentiment in the coming days.
CME Group made an initial foray below its 21 day Simple Moving Average around $173.41. CME Group's upper Bollinger Band® at $176.8, suggesting a further decline is forthcoming. In contrast, CME Group is trending down and heading towards $173.75, which is only 5 cents away now. Hitting this support line might signal a change of direction.
In the short term, CME Group is expected to maintain its recent downtrend and continue spiralling lower.
Upcoming fundamentals: United States Consumer Confidence expected to decline to 100 while its preceding data was 102.5, data will be available tomorrow at 15:00 UTC.