Type: Bullish BounceKey Levels:Resistance: 1687'6Pivot: 1660'4Support: 1646'6Preferred Case:With price expected to reverse off the stochastics support, we have a bullish bias that price will rise from our pivot at 660'4 in line with the 100% Fibonacci projection to our 1st resistance at 1687'6 in line with the horizontal pullback resistance and 50% Fibonacci retracement.Alternative Scenario:Alternatively, price may break our pivot structure and head for 1st support at 1646'6 in line with the horizontal swing low support.Fundamentals: No major news
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/soybean-futures-zs1-h4-potential-for-bullish-bounce29"
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