Genesiv

Corn Futures ( ZC1!), H4 Potential for Bullish Momentum

Long
CBOT:ZC1!   Corn Futures
Title: Corn Futures ( ZC1! ), H4 Potential for Bullish Momentum
Type: Bullish Momentum
Resistance: 675.00
Pivot: 661.50
Support: 654.75

Preferred case: On the H4 chart with price crossing the Ichimoku cloud to the upside, we are looking for price to possibly head towards the resistance at 675.00, where the 50% Fibonacci line is located.

Alternative scenario: Price may go back up and head towards the pivot at 661.50 where the 20% Fibonacci line is located.

Fundamentals: There are no major news.
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