Type:
Bullish Rise

Key Levels:
Resistance:
700.00
Pivot:
651.25
Support:
638.25

Preferred Case:
Looking at the H4 chart, my overall bias for ZC1! is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to possibly head towards the resistance at 700.00, where the previous swing high is.

Alternative Scenario:
Price may head back down to retest the pivot at 651.25 where the 23.6% Fibonacci line and recent low are located.

Fundamentals:
There are no major news.