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Sugar Futures ( SB1!), H1 Potential for Bullish Bounce

37627 sugar futures sb1 h1 potential for bullish bounce

Type: Bullish BounceKey Levels:Resistance: 20.32Pivot: 19.96Support: 19.81Preferred Case:We see the potential for a bounce from our pivot at 19.96 in line with 50% Fibonacci retracement and 61.8% Fibonacci projection towards our 1st resistance at 20.32 along with graphical swing high resistance.Alternative Scenario:Alternatively, price may break our pivot structure and head for 1st support at 19.81 in line with 61.8% Fibonacci retracement.Fundamentals:No major news.

Source: Tickmill

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