CORN (ZC1!), H4 Potential For Bullish Rise

41172 corn zc1 h4 potential for bullish rise

Type: Bullish RiseKey Levels:Resistance: 814’4Pivot: 787’4Support: 774’0Preferred Case:On the H4, with price moving in an ascending trend channel and above the ichimoku cloud, we have a bullish bias that price will continue to rise from the pivot at 787’4 in line with the pullback support and 61.8% fibonacci retracement to the 1st resistance at 814’4 in line with the 100% fibonacci projectionat the swing high.Alternative Scenario:Alternatively, price may drop from the pivot to the 1st support at 774’0 at the swing low.Fundamentals:No major news

Source: Tickmill

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