Type: Bearish ContinuationKey Levels:Resistance: 83'13Pivot: 81'56Support: 79'99Preferred Case:With price expected to reverse off the resistance of the Ichimoku cloud, we see a potential bearish continuation from our pivot level of 81'56 which is in line with 61.8% Fibonacci retracement and horizontal overlap resistance towards our 1st support level of 79'99 which is in line with the horizontal swing low support.Alternative Scenario:Alternatively, price may break our pivot structure and head for 1st resistance level of 83'13 in line with 38.2% Fibonacci retracement and horizontal pullback resistance.Fundamentals:No major news
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/soybean-oil-futures-zl1-h1-potential-for-bearish-continuation"
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