Soy beans Futures ( ZS1! ), H1 Potential for Bullish bounce

Type : Bullish Bounce
Resistance : 1718'6
Pivot: 1692'4
Support : 1676'4
Preferred Case: With MACD moving in a bullish momentum and prices breaking the ichimoku cloud , we have a bullish bias that price will rise to our 1st resistance at
1718'6 in line with the 61.8% Fibonacci projection and horizontal swing high resistance from our pivot of 1692'4 in line with the horizontal pullback support.

Alternative scenario: Alternatively, price may break pivot structure and head for 1st support at 1676'4 in line with the horizontal swing low support and 38.2% Fibonacci retracement .

Fundamentals: No Major News