Corn Futures ( ZC1! ), H1 Potential For Bullish Bounce

corn-futures-(-zc1!-),-h1-potential-for-bullish-bounce

Type: Bullish BounceKey Levels:Resistance: 801’6Pivot: 791’4Support: 783’0Preferred Case:With price moving above our Ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance in line with the horizontal pullback resistance from our pivot of 791’4 in line with the 38.2% Fibonacci retracement and horizontal pullback support area.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st support in line with the pullback support.Fundamentals:No Major News

Source: Tickmill

Related Posts