Soybean Futures ( ZS1! ), H1 Potential For Bullish Bounce

soybean-futures-(-zs1!-),-h1-potential-for-bullish-bounce

Type: Bullish BounceKey Levels:Resistance: 1634’2Pivot: 1611’0Support: 1591’2Preferred Case:With price moving above our Ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance in line with the horizontal swing high resistance from our pivot of 1611’0 in line with the 50% Fibonacci retracement and horizontal pullback support area.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st support in line with the swing low support.Fundamentals:No Major News

Source: Tickmill

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