Wheat Futures ( ZW1! ), H1 Bullish Rise!


Type: Bullish RiseKey Levels:Resistance: 1281’6Pivot: 1240’6Support: 1216’4Preferred Case:With price above the Ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 1281’6 in line with the horizontal swing high resistance from our pivot at 1240’6 in line with the horizontal swing low support.Alternative Scenario:Alternatively, price may break pivot structure and head for 1st support at 1216’4 in line with the 50% Fibonacci retracement and horizontal swing low support.Fundamentals:No Major News

Source: Tickmill

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