Oats Futures ( ZOK2022), H1 Potential for Bullish Rise
Type: Bullish Rise
Resistance: 695'7
Pivot: 664'7
Support : 645'7
Preferred case: We are expecting the price to potentially rise from our pivot level of 664'7 in line with 78.6% Fibonacci retracement towards our 1st resistance level of 695'7 which is in line with 38.2% Fibonacci retracement and 78.6% Fibonacci projection.
Alternative scenario: Otherwise, the price might break our pivot structure and trigger a dip to the 1st support level of 645'7 which is in line with 161.8% Fibonacci extension.
Fundamentals: No major news.
Resistance: 695'7
Pivot: 664'7
Support : 645'7
Preferred case: We are expecting the price to potentially rise from our pivot level of 664'7 in line with 78.6% Fibonacci retracement towards our 1st resistance level of 695'7 which is in line with 38.2% Fibonacci retracement and 78.6% Fibonacci projection.
Alternative scenario: Otherwise, the price might break our pivot structure and trigger a dip to the 1st support level of 645'7 which is in line with 161.8% Fibonacci extension.
Fundamentals: No major news.