Tickmill

Corn Futures ( ZC1! ), H4 Potential for Bullish Continuation

CBOT:ZC1!   Majs terminer
Title: Corn Futures ( ZC1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 706.50
Pivot: 6681.00
Support: 673.00

Preferred case: Looking at the H4 chart, my overall bias for ZC1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly head towards the resistance at 706.50, where the previous swing high is.

Alternative scenario: Price may head back down to retest the support at 673.00 where the recent low is located.

Fundamentals: There are no major news.

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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