Soybeans Futures ( ZS1! ), H1 Bullish rise!
Type : Bullish rise
Resistance :1143'0
Pivot: 1122'0
Support : 1105'2
Preferred Case: With price moving above the ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance in line with the 161.8% Fibonacci extension from our pivot in line with the horizontal pullback support and 23.6% Fibonacci retracement .
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support in line with the 61.8% Fibonacci retracement .
Fundamentals: No Major News
Resistance :1143'0
Pivot: 1122'0
Support : 1105'2
Preferred Case: With price moving above the ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance in line with the 161.8% Fibonacci extension from our pivot in line with the horizontal pullback support and 23.6% Fibonacci retracement .
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support in line with the 61.8% Fibonacci retracement .
Fundamentals: No Major News
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