Soy beans Futures ( ZS1! ), H1 Potential for Bullish bounceType : Bullish Bounce
Resistance : 1693'2
Pivot: 1672'4
Support : 1662'4
Preferred Case: With price moving above our ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at 1693'2 in line with the 61.8% Fibonacci projection from our pivot of 1672'4 in line with the horizontal swing low support.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support at 1662'4 in line with the horizontal overlap support and 23.6% Fibonacci retracement .
Fundamentals: No Major News
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