Soybean Futures (ZS1!), H1 Potential for Bearish Continuation


Kind: Bearish ContinuationKey Ranges:Resistance: 1662’6Pivot:1653’4Support: 1626’2Preferred Case:With value shifting beneath the Ichimoku cloud, we see a possible bearish continuation from our pivot stage of 1653’4 which is consistent with 38.2% Fibonacci retracement and horizontal pullback resistance in the direction of our 1st assist stage of 1626’2 which is consistent with the horizontal swing low assist.Different Situation:Alternatively, value could break our pivot construction and head for 1st resistance stage of 1662’6 consistent with 50% Fibonacci retracement and horizontal pullback resistance.Fundamentals:No main information


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