Type: Bullish RiseKey Levels:Resistance: 143.975 Pivot: 141.950Support: 139.175Preferred Case:With the price moving above the ascending trendline and above ichimoku cloud, we have a bullish bias that the price may rise to the pivot at 141.950, which is in line with the 161.8% fibonacci projection and swing high to the 1st resistance at 143.975, where the previous significant swing high is.Alternative Scenario:Alternatively, the price may drop to the 1st support at 139.175, where the 23.6% fibonacci retracement and swing low are.Fundamentals:No key news.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/live-cattle-futures-le1-h4-potential-for-bullish-rise26"
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