Coffee C Futures ( KC1! ), H4 Potential for Bullish Continuation

Title: Coffee C Futures ( KC1! ), H4 Potential for Bullish Continuation
Type: Bullish Continuation
Resistance: 174.95
Pivot: 157.55
Support: 142.05

Preferred case: Looking at the H4 chart, my overall bias for KC1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 174.95, where the previous swing high is.


Alternative scenario: Price may head back down to retest the pivot at 157.55, where the 38.2% Fibonacci line is.

Fundamentals: There are no major news.
Trend Analysis

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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