Type: Bullish RiseKey Levels:Resistance:87.97Pivot:82.36Support:80.37Preferred Case:Looking at the H4 chart, my overall bias for CL1! is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 87.97, where the recent high is.Alternative Scenario:Price may head back down to retest the pivot at 82.36, where the 23.6% Fibonacci line is.Fundamentals:There are no major news.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/cotton-futures-ct1-h4-potential-for-bullish-rise12"
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