Type: Bearish MomentumKey Levels:Resistance: 1433.75Pivot:1409.75Support:1391.75Preferred Case:We have a bearish bias on the H4 chart. In addition, price is below the Ichimoku cloud , indicating a bearish market. If the bearish momentum continues, price may continue to move towards the Pivot at 1409.75, where the 38.2% Fibonacci line is located.Alternative Scenario:Price may rise again to retest the resistance at 1433.75, where the 50% Fibonacci line is located.Fundamentals:There are no major news.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/soybean-futures-zs1-h4-potential-for-bearish-momentum21"
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