Type: Bearish DropKey Levels:Resistance: 1679'4Pivot: 1667'4Support: 1623'6Preferred Case:With price expected to reverse off the Ichimoku resistance and the descending trend line, we see the potential for bearish drop from our Pivot level at 1667'4 in line 50% Fibonacci retracement towards our 1st support level at 1623'6 in line with the horizontal swing low support.Alternative Scenario:If price breaks out, it can potentially move towards our 1st resistance level at 1679'4 which is in line with 61.8% Fibonacci retracement and horizontal swing high resistance.Fundamentals:No major news.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/soybeans-future-zs1-h1-bearish-drop"
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