Oats Futures ( ZOK2022), H1 Potential for Bullish Rise

oats-futures-(-zok2022),-h1-potential-for-bullish-rise

Type: Bullish RiseKey Levels:Resistance: 695’7Pivot: 664’7Support: 645’7Preferred Case:We are expecting the price to potentially rise from our pivot level of 664’7 in line with 78.6% Fibonacci retracement towards our 1st resistance level of 695’7 which is in line with 38.2% Fibonacci retracement and 78.6% Fibonacci projection.Alternative Scenario:Otherwise, the price might break our pivot structure and trigger a dip to the 1st support level of 645’7 which is in line with 161.8% Fibonacci extension.Fundamentals:No major news.

Source: Tickmill

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