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CORN FUTURES, H4 Potential for Bullish Momentum

41050 corn futures h4 potential for bullish momentum

Type: Bullish RiseKey Levels:Resistance: 781’0Pivot: 759’0Support: 749’2Preferred Case:On the H4, with price moving above the ichimoku cloud and within the ascending trend channel, we have a bullish bias that price will rise from our pivot at 759’0 in line with the overlap support to to 1st resistance at 781’0 in line with the 61.8% fibonacci retrcaement and multiple swing high.Alternative Scenario:Alternatively, price may break support structure at the pivot and drop to the 1st support at 749’2 at the pullback support and 61.8% fibonacci projection .Fundamentals:No major news

Source: Tickmill

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