Soybean Futures ( ZS1! ), H4 Potential for Bearish Drop

Type: Bearish DropKey Levels:Resistance:1535.00Pivot:1492.25Support:1457.75Preferred Case:Looking at the H4 chart, my overall bias for ZS1! is bearish due to the current price being under the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to possibly continue heading towards the support at 1457.75, where the 61.8% Fibonacci line is.Alternative Scenario:Price may head back up to retest the pivot at 1492.25, where the 38.2% Fibonacci line is.Fundamentals:There are no major news.