Corn Futures ( ZC1!), H4 Potential for Bullish Momentum
Title: Corn Futures ( ZC1!), H4 Potential for Bullish Momentum
Type: Bullish Momentum
Resistance: 675.00
Pivot: 661.50
Support: 654.75
Preferred case: On the H4 chart with price crossing the Ichimoku cloud to the upside, we are looking for price to possibly head towards the resistance at 675.00, where the 50% Fibonacci line is located.
Alternative scenario: Price may go back up and head towards the pivot at 661.50 where the 20% Fibonacci line is located.
Fundamentals: There are no major news.
Type: Bullish Momentum
Resistance: 675.00
Pivot: 661.50
Support: 654.75
Preferred case: On the H4 chart with price crossing the Ichimoku cloud to the upside, we are looking for price to possibly head towards the resistance at 675.00, where the 50% Fibonacci line is located.
Alternative scenario: Price may go back up and head towards the pivot at 661.50 where the 20% Fibonacci line is located.
Fundamentals: There are no major news.