Wheat Futures ( ZS1! ), H1 Bullish Rise!

wheat-futures-(-zs1!-),-h1-bullish-rise!

Type: Bullish RiseKey Levels:Resistance: 1143’0Pivot: 1123’0Support: 1105’2Preferred Case:With price moving above the Ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance in line with the 161.8% Fibonacci extension from our pivot in line with the horizontal pullback support and 23.6% Fibonacci retracement.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st support in line with the 61.8% Fibonacci retracement.Fundamentals:No Major News

Source: Tickmill

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