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KCK2022

Coffee Futures (KCK2022), H1 Potential for Bearish Dip!Type: Bearish Dip Resistance : 229.45 Pivot: 227.30 Support : 220.80 Preferred case: We see the potential for further bearish continuation from our Pivot at 227.30 in line 78.6% Fibonacci projection towards our 1st support at 220.80 in line with 50% Fibonacci retracement. Our bearish bias is further supported by stochastic indicator where it is at resistance level. Alternative scenario: Price might move towards the 1st resistance level of 229.45 in line with 100% Fibonacci projection and 78.6% Fibonacci retracement. Fundamentals: No major news
ICEUS:KCK2022Short
by Genesiv
KCK2022 (Coffee Futures) | H1 Bullish PressureType : Bullish Pressure Resistance : 228.10 Pivot: 220.20 Support : 214.00 Preferred Case: Price is near pivot level of 220.20 in line with 50% Fibonacci retracement. Price can potentially rise up to the 1st resistance level at 228.10, in line with 61.8% Fibonacci projection, with a graphical swing high resistance. Our bullish bias is further supported by price trading above the Ichimoku cloud indicator. Alternative scenario: Price might also dip towards the 1st support level of 214.00 in line with 61.8% Fibonacci projection and 78.6%% Fibonacci retracement. Fundamentals: No Major News
ICEUS:KCK2022Long
by Genesiv
KCK2022 (Coffee Futures) | H4 Bearish MomentumType : Bearish Momentum Resistance : 220.95 Pivot: 213.75 Support : 200.60 Preferred Case: Price is near pivot level of 213.75 in line with 161.8% Fibonacci extension and 78.6% Fibonacci retracement. Price can potentially move towards the 1st support level which is graphical swing low support. Our bearish bias is further supported by price trading below the Ichimoku cloud indicator. Alternative scenario: Price could also head towards the 1st resistance level of 220.95 in line with 61.8% Fibonacci projection and 38.2%% Fibonacci retracement. Fundamentals: No Major News
ICEUS:KCK2022Short
by Rockqet
KCK2022 (Coffee Futures) | H4 Bullish BounceType : Bullish Bounce Resistance : 220.75 Pivot: 211.10 Support : 204.70 Preferred Case: Price is near pivot level of 211.10 in line with 127.20% Fibonacci extension and 61.8% Fibonacci projection. Price can potentially move towards the 1st resistance level of 220.75. Our bullish bias is further supported by stochastic indicator as it is at support level. Alternative scenario: Price could also head towards the 1st support level of 204.70 in line with 78.6% Fibonacci projection and 138.2%% Fibonacci extension . Fundamentals: No Major News
ICEUS:KCK2022Long
by Rockqet
KCK2022 (Coffee Futures) | H4 Bearish DipType : Bearish Dip Resistance : 233.50 Pivot: 221.45 Support : 202.30 Preferred Case: Price is near pivot level of 221.45 in line with 23.6% Fibonacci retracement. Price can potentially dip to the 1st support level of 202.30 which is a swing low support. Our bearish bias is further supported by price moving under the Ichimoku cloud indicator. Alternative scenario: Price could also head towards the 1st resistance level of 233.50 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci projection. Fundamentals: No Major News
ICEUS:KCK2022Short
by Rockqet