VantageMarkets

ZC1! Corn Potential For Bearish Continuation

Short
CBOT:ZC1!   Corn Futures
The overall bias for ZC1! on the H4 chart is bearish . In addition, the price is below the Ichimoku cloud , indicating a bearish market. Price has tapped into our sell entry point at 661.75, where the 23.6% Fibonacci line is located. The stop loss will be at 685.25, just above the 61.8% Fibonacci line. The take profit point will be at 632.00, which is the 50% Fibonacci line.

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