Coffee Futures ( KC1!), H1 Potential for Bullish Bounce

37588 coffee futures kc1 h1 potential for bullish bounce

Type: Bullish BounceKey Levels:Resistance: 227.70Pivot: 221.75Support: 219.20Preferred Case:We see the potential for a bounce from our pivot at 221.75 in line with 127.2% Fibonacci extension towards our 1st resistance at 227.70 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci extension.Alternative Scenario: Alternatively, price may break our pivot structure and head for 1st support at 219.20 in line with 138.2% Fibonacci extension.Fundamentals:No major news.

Source: Tickmill

Related Posts