Corn Futures (ZC1!), H4 Bearish Reversal

35706 corn futures zc1 h4 bearish reversal

Type: Bearish ReversalKey Levels:Resistance: 782’2Pivot: 765’0Support: 730’0Preferred Case:We see the potential for bearish dip from our Pivot level at 765’0 in line 61.8% Fibonacci retracement and 100% Fibonacci projection towards our 1st Support at 730’0 in line with 78.6% Fibonacci projection.Alternative Scenario:If price continues to go up, it can potentially move towards our 1st Resistance level at 782’2 which is in line with a graphical swing high resistance.Fundamentals:No Major News.

Source: Tickmill

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