Type:
Bearish Continuation

Key Levels:
Resistance:
673.75
Pivot:
632.00
Support:
586.00

Preferred Case:
Looking at the H4 chart, my overall bias for ZC1! is bearish due to the current price below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to head towards the pivot at 586.00 where the 50% Fibonacci line is located.

Alternative Scenario:
Price may go back up and head towards the resistance at 673.75, where the 50% Fibonacci line is located.

Fundamentals:
There are no major news.