Type: Bullish RiseKey Levels:Resistance: 1508'4Pivot: 1400'4Support:Preferred Case:On the H4, with prices moving above the ichimoku indicator and broken out of the descending trendline , we have a bullish bias that price will rise from the pivot at 1438'6 where the pullback support and 23.6% fibonacci retracement are to the 1st resistance at 1508'4 where the swing high resistance is.Alternative Scenario:Alternatively, price could break pivot structure and drop to the 1st support at 1400'4 where the pullback support, 38.2% fibonacci retracement and 78.6% fibonacci projection are.Fundamentals:Since Russia and Ukraine are major exporter of agriculture goods, their persistent war will lead to a shortage of agricultural goods and give us a bullish bias for soybean .
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/soybean-futures-zs1-h4-potential-for-bullish-rise"
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