Corn Futures ( ZC1! ), H4 Potential for Bullish Rise
Title: Corn Futures ( ZC1! ), H4 Potential for Bullish Rise
Type: Bullish Rise
Resistance: 673.75
Pivot: 651.25
Support: 638.25
Preferred case: Looking at the H4 chart, my overall bias for ZC1! is bullish due to the current price crossing above the Ichimoku cloud , indicating a possible shift to bullish market structure. If this bullish momentum continues, expect price to possibly head towards the resistance at 673.75, where the 50% Fibonacci line is.
Alternative scenario: Price may head back down to break the pivot at 651.25 where the previous swing low is before heading towards the support at 638.25, where the -27.2% Fibonacci expansion line and recent low are located.
Fundamentals: There are no major news.
Type: Bullish Rise
Resistance: 673.75
Pivot: 651.25
Support: 638.25
Preferred case: Looking at the H4 chart, my overall bias for ZC1! is bullish due to the current price crossing above the Ichimoku cloud , indicating a possible shift to bullish market structure. If this bullish momentum continues, expect price to possibly head towards the resistance at 673.75, where the 50% Fibonacci line is.
Alternative scenario: Price may head back down to break the pivot at 651.25 where the previous swing low is before heading towards the support at 638.25, where the -27.2% Fibonacci expansion line and recent low are located.
Fundamentals: There are no major news.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.