Oat Futures ( ZO1! ), H1 Potential for Bullish bounce

CBOT:ZO1!   Oat Futures
Type : Bullish Bounce
Resistance : 633'6
Pivot: 626'2
Support : 615'0

Preferred Case: With price moving above our ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 633'6 in line with the horizontal pullback resistance from our pivot of 626'2 in line with the 61.80% Fibonacci retracement and horizontal pullback support.

Alternative scenario: Alternatively, price may break pivot structure and head for 1st support at 615'0 in line with the horizontal swing low support and 78.60% Fibonacci retracement .

Fundamentals: No Major News
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