Soybeans Futures ( ZS1! ), H1 Bullish rise!Type : Bullish rise
Resistance : 1642'2
Pivot: 1633'0
Support : 1610'6
Preferred Case: With price expected to bounce off the stochastics indicator, we have a bullish bias that price will rise to our 1st resistance in line with the 38.2% Fibonacci retracement from our pivot in line with the horizontal swing low support.
Alternative scenario: Alternatively, price may break pivot structure and head for 1st support in line with the 127.2% Fibonacci extension.