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Coffee C Futures ( KC1! ), H1 Potential For Bullish Bounce

39501 coffee c futures kc1 h1 potential for bullish bounce

Type: Bullish BounceKey Levels:Resistance: 222.25Pivot: 216.00Support: 210.80Preferred Case:With price bouncing off our Ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 222.25 in line with the horizontal pullback resistance from our pivot of 216.00 in line with the horizontal overlap support and 78.60% Fibonacci retracement .Alternative Scenario:Alternatively, price may break pivot structure and head for 1st support at 210.80 in line with the horizontal swing low support.Fundamentals:No Major News

Source: Tickmill

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