Type: Bullish ContinuationKey Levels:Resistance: 782'4Pivot: 719'0Support: 705'6Preferred Case:On the H4 chart, price is near our pivot of 719'0 in line with horizontal overlap support and 50% Fibonacci retracement . Price can potentially rise to our 1st resistance level at 782'4 in line with the 161.8% Fibonacci extension . Our bullish bias is supported by how price is moving above the Ichimoku cloud.Alternative Scenario: Alternatively, price may head to our 1st support at 705'6 in line with the horizontal overlap support and 61.8% Fibonacci retracement.Fundamentals: No major news event.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/corn-zc1-h4-potential-bullish-continuation8"
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