Bullish Bounce

Key Levels:
Resistance: 1108'4
Pivot: 1071'6
Support: 1055'0

Preferred Case:
Prices are at a pivot . We see the potential for a bounce from our pivot at 1071'6 in line with 23.6% Fibonacci Retracement towards our 1st resistance at 1108'4 which is an area of Fibonacci confluences. Prices are trading above our Ichimoku clouds , further supporting our bullish bias.

Alternative Scenario:
Price might continue to dip towards the 1st support level of 1055'0 in line with 38.2% Fibonacci retracement .

No Major News