Corn FuturesShort
Corn Futures ( ZC1! ), H1 Potential for Bearish Continuation
Type : Bearish Continuation
Resistance : 791'0
Pivot: 782'4
Support ': 769'4
Preferred Case: With price expected to reverse off the ichimoku resistance, we have a bearish bias that price will drop to our 1st support in line with the horizontal swing low support from our pivot of 782'4 in line with the horizontal swing high support and 38.2% Fibonacci retracement.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st resistance in line with the overlap resistance and 50% Fibonacci retracement.
Fundamentals: No Major News
Resistance : 791'0
Pivot: 782'4
Support ': 769'4
Preferred Case: With price expected to reverse off the ichimoku resistance, we have a bearish bias that price will drop to our 1st support in line with the horizontal swing low support from our pivot of 782'4 in line with the horizontal swing high support and 38.2% Fibonacci retracement.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st resistance in line with the overlap resistance and 50% Fibonacci retracement.
Fundamentals: No Major News
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.