Type: Bullish BounceKey Levels:Resistance: 1751'4Pivot: 1639'6Support: 1581'4Preferred Case:With price moving above the Ichimoku cloud, we see the potential for a bounce from our Pivot at 1639'6 in line with 50% Fibonacci retracement towards our 1st resistance at 1751'4 in line with horizontal swing high resistance. Alternative Scenario:Alternatively, price can potentially dip towards our 1st support at 1581'4 which is a graphical swing low and also in line with 61.8% 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-bounce8"
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