Bullish Bounce

Key Levels:
Resistance: 801'6
Pivot: 791'4
Support: 783'0

Preferred Case:
With price moving above our Ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance in line with the horizontal pullback resistance from our pivot of 791'4 in line with the 38.2% Fibonacci retracement and horizontal pullback support area.

Alternative Scenario:
Alternatively, price may break pivot structure and head for 1st support in line with the pullback support.

No Major News