Type: Bearish DipKey Levels:Resistance: 746'6Pivot: 740'4Support: 732'2Preferred Case:We see the potential for further bearish continuation from our Pivot at 740'4 in line 50% Fibonacci retracement towards our 1st support at 732'2 in line with 50% Fibonacci retracement and 61.8% Fibonacci Projection . Our bearish bias is further supported by stochastic indicator where it is at resistance level.Alternative Scenario:Price might move towards the 1st resistance level of 746'6 in line with 78.6% Fibonacci retracement .Fundamentals:No major news.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/corn-futures-zc1-h1-potential-for-bearish-dip"
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