Soybeans Futures ( ZS1! ), H1 Bullish Rise!


Type: Bullish RiseKey Levels:Resistance:1642’2Pivot: 1633’0Support: 1610’6Preferred Case:With price expected to bounce off the stochastics indicator, we have a bullish bias that price will rise to our 1st resistance in line with the 38.2% Fibonacci retracement from our pivot in line with the horizontal swing low support.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st support in line with the 127.2% Fibonacci extension.Fundamentals:No Major News

Source: Tickmill

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