Type: Bullish MomentumKey Levels:Resistance: 20.005 Pivot: 19.140 Support: 18.720Preferred Case:The price is crossing the ichimoku cloud and moving within the ascending trendline, we have a bullish bias that the price may rise from the pivot at 19.140, which is in line with the 23.6% fibonacci retracement to the 1st resistance at 20.005, where the 78.6% fibonacci retracement and overlap resistance are.Alternative Scenario:If bearish momentum persists, expect price drop to the 1st support at 18.720, where the 50% fibonacci retracement is.Fundamentals:There is no major news.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/wheat-mini-futures-xw1-h4-potential-for-type-bullish-momentum"
via IFTTT
Subscribe to:
Post Comments (Atom)
-
The new strain of covid found in South Africa could disrupt plans by governments and central banks to rebuild economies. Financial markets a...
-
Fidelity “FIS” is a global financial services technology company and a leader in providing technology solutions to merchants, banks and cap...
-
Asian Equities Sink on Covid FearsIt’s been a mixed start to the week for global equities benchmarks with US and European asset markets rema...
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.