Type: Bullish BounceKey Levels:Resistance: 34359Pivot: 34359 Support: 32906Preferred Case:With price expected to bounce off the support of the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 34359 in line with the horizontal swing high resistance and 78.6% Fibonacci retracement from our pivot of 34359 in line with the 50% Fibonacci retracement and horizontal overlap support.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st support at 32906 in line with the horizontal swing low support and 61.8% Fibonacci retracement
Source: Tickmill