Type: Bearish DipKey Levels:Resistance: 1064'0Pivot: 1031'6Support: 982'2Preferred Case:Prices are on bearish momentum and abiding by a descending trendline We see the potential for a dip from our Pivot at 1031'6 in line with 50% Fibonacci Retracement towards our 1st support at 982'0 in line with 100% Fibonacci Projection . Prices are trading below our Ichimoku cloud resistance, further supporting our bearish bias.Alternative Scenario:Price might continue to climb towards the 1st resistance level of 1064'0 in line with 50% Fibonacci retracement and 61.8% Fibonacci Projection .Fundamentals:No Major News
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/wheat-futures-zw1-h4-bearish-dip7"
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