Soy beans Futures ( ZS1! ), H1 Potential for Bullish bounce
Type : Bullish Bounce
Resistance : 1634'2
Pivot: 1611'0
Support : 1591'2
Preferred Case: With price moving above our ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance in line with the horizontal swing high resistance from our pivot of 1611'0 in line with the 50% Fibonacci retracement and horizontal pullback support area.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support in line with the swing low support.
Fundamentals: No Major News
Resistance : 1634'2
Pivot: 1611'0
Support : 1591'2
Preferred Case: With price moving above our ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance in line with the horizontal swing high resistance from our pivot of 1611'0 in line with the 50% Fibonacci retracement and horizontal pullback support area.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support in line with the swing low support.
Fundamentals: No Major News