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


Type: Bullish BounceKey Levels:Resistance: 225.40Pivot: 221.95Support: 219.75Preferred Case:With price moving above our Ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 225.40 in line with the horizontal swing high resistance from our pivot of 221.95 in line with the 23.60% Fibonacci retracement and horizontal pullback support.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st support at 219.75 in line with the horizontal pullback support and 38.20% Fibonacci retracement.Fundamentals:No Major News

Source: Tickmill

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