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Corn Futures ( ZC1! ), H4 Potential for Bearish Momentum

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Title: Corn Futures ( ZC1! ), H4 Potential for Bearish Momentum
Type: Bearish Momentum
Resistance: 680.50
Pivot: 661. 40
Support: 669.50

Preferred Case: Corn fell below the first resistance level at 680.50, where the 50% and 38.2% Fibonacci lines are placed. If the bearish trend continues, price could reach the first support level at 669.4, which is nearby the 78.6% Fibonacci line.

Alternative scenario: Price may retrace back up to the first resistance level at 680.4.

Fundamentals: There are no major news.

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