Wheat Futures ( ZW1! ), H1 Bullish Rise!


Type: Bullish RiseKey Levels:Resistance: 1132’6Pivot: 1084’2Support: 1068’2Preferred Case:With price bouncing off the Ichimoku cloud support, we have a bullish bias that price will rise to our 1st resistance in line with the horizontal swing high resistance from our pivot in line with the horizontal swing low support and 50% 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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