Get started
Genesiv

Soybean Futures ( ZS1! ), H4 Potential for Bearish Momentum

Short
Soybean Futures (CBOT:ZS1!)  
Genesiv  
CBOT:ZS1!   Soybean Futures
Trend Analysis Technical Indicators Chart Patterns soybean SOY BEAN futures ZS1! zs1 zs
0
0
trendanalysis indicator chartpattern soybean soy bean futures zs1! zs1 zs
Title: Soybean Futures ( ZS1! ), H4 Potential for Bearish Momentum
Type: Bearish Momentum
Resistance: 1433.75
Pivot: 1409.75
Support: 1391.75

Preferred case: We have a bearish bias on the H4 chart. In addition, price is below the Ichimoku cloud, indicating a bearish market. If the bearish momentum continues, price may continue to move towards the Pivot at 1409.75, where the 38.2% Fibonacci line is located.

Alternative scenario: PPrice may rise again to retest the resistance at 1433.75, where the 50% Fibonacci line is located.

Fundamentals: There are no major news.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.