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


Type: Bearish ContinuationKey Levels:Resistance:673.75Pivot:651.25Support:638.25Preferred Case:Looking at the H4 chart, my overall bias for ZC1! is bearish due to the current price crossing below the Ichimoku cloud , indicating a bearish market. If this bearish momentum continues, expect price to head towards the support at 638.25, where the -27.2% Fibonacci expansion line and recent low are located.Alternative Scenario:Price may go back up to retest the pivot at 651.25 where the previous swing low is. Fundamentals:There are no major news.


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