Type: Bullish BounceKey Levels:Resistance: 1729'0Pivot: 1668'0Support: 1650'4Preferred Case:Prices are on bullish momentum and consolidating in a potential triangle. With price moving above the Ichimoku cloud, we see the potential for a bounce from our Pivot at 1668'0 in line with 78.6% Fibonacci retracement towards our 1st resistance at 1729'0 in line with horizontal swing high resistance and 78.6% Fibonacci Projection. Alternative Scenario: Alternatively, price can potentially dip towards our 1st support at 1650'4 which is a graphical swing low and also in line with 50% Fibonacci retracement. Fundamentals:No major news.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/soybean-futures-zs1-h4-potential-for-bullish-bounce10"
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