Wheat Futures ( ZW1! ), H1 Bullish Rise!

wheat-futures-(-zw1!-),-h1-bullish-rise!

Type: Bullish RiseKey Levels:Resistance: 1132’6Pivot: 1106’4Support: 1084’4Preferred Case:With price breaking above the Ichimoku cloud and making a new high on the donchian channel, we have a bullish bias that price will rise to our 1st resistance in line with the horizontal swing high resistance and 100% Fibonacci projection from our pivot in line with the pullback support.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st support in line with the 50% Fibonacci retracement.Fundamentals:No Major News

Source: Tickmill

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