Type: Bullish BounceKey Levels:Resistance: 758'6Pivot: 738'0Support: 716'0Preferred Case:Price is near pivot level of 738'0 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection. Price can potentially rise up to the 1st resistance level at 758'6, in line with 161.8% Fibonacci extension. Our bullish bias is further supported by price trading above the Ichimoku cloud indicator.Alternative Scenario:Price might also dip towards the 1st support level of 716'0 in line with 100% Fibonacci projection and 61.8% Fibonacci retracement.Fundamentals:No Major News
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/zok2022-oats-futures-or-h1-bullish-bounce"
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