10 Year T-Note Futures (ZB1!) , H4 potential for bounce

Title: 10 Year T-Note Futures ( ZB1! ) , H4 potential for bounce
Type: Bullish bounce
Resistance : 154'10
Pivot: 152'09
Support : 151'08

Preferred case: Price has recently bounce from pivot level of 152'09 in line with 61.8% Fibonacci retracement and 100% Fibonacci projection . Price can potentially go to resistance level of 154'10 in line with 78.6% Fibonacci retracement . Our bullish bias is supported by the moving average as price is trading above it.

Alternative scenario: Price can potentially dip to the support level of 151'08 in line with 127.2% Fibonacci projection .

Fundamentals: With the Russo-Ukraine conflict escalating to an all out war, prices of bonds will continue to increase as investors flock to safe haven asset. Technicals and fundamentals align, thus ZB1! may be a good opportunity to look into .
Chart PatternsTechnical IndicatorsTrend 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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