Corn Futures ( ZC1! ), H1 Potential for Bearish Continuation


Type: Bearish ContinuationKey Levels:Resistance: 791’0Pivot: 782’4Support: 769’4Preferred Case:With price expected to reverse off the Ichimoku resistance, we have a bearish bias that price will drop to our 1st support in line with the horizontal swing low support from our pivot of 782’4 in line with the horizontal swing high support and 38.2% Fibonacci retracement.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st resistance in line with the overlap resistance and 50% Fibonacci retracement.Fundamentals:No Major News

Source: Tickmill

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