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


Type: Bullish BounceKey Levels:Resistance: 237.45Pivot: 222.25Support: 210.00Preferred Case:With price moving above our Ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 237.45 in line with the horizontal swing high resistance from our pivot of 222.25 in line with the horizontal pullback support and 61.8% Fibonacci retracement .Alternative Scenario:Alternatively, price may break pivot structure and head for 1st support at 210.00 in line with the horizontal swing low support and 23.60% Fibonacci retracement .Fundamentals:No Major News

Source: Tickmill

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