ARCHER-DANIELS-MIDLAND CO

NYSE

ADM

ADM is approaching our first resistance at 147.15 (61.8% fibonacci retracement, 61.8%, 100% fibonacci extension) where a strong drop might occur below this level to our first support at 43.26 1(50% fiboancci retracement). Stochastic is also approaching resistance.

ADM is also approaching our first resistance where we might see a drop below this level to our first support level. Stochastic is also seeing a drop below this level.

ADM is approaching our first resistance at 47.15 (horizontal overlap resistance, 61.8% fibonacci extension, 61.8% fibonacci retracement) where a strong drop might occur pushing price down to our first support at 43.26 (horizontal overlap support,50% fibonacci extension). Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop...

Going Short - waiting for confirmation to violate pivot point

38

ADM is approaching our first resistance at 47.15 (horizontal swing high resistance, 61.8% Fibonacci extension , 61.8% Fibonacci retracement ) where a strong drop might occur below this level pushing price down to our major support at 43.26 (50% Fibonacci retracement ). Stochastic (55,5,3) is also approaching resistance where we might see a drop below this level.

Broad support for upswing

Or bottoming? It's happening at a critical level.

ADM approaching support at 43.44 (100% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 46.75 (38.2% Fibonacci retracement, horizontal overlap resistance). Stochastic (55, 5, 3) is approaching its support at 4.03% where a corresponding bounce could occur.

Looking to enter above resistance at 51.12 Stop set at 50.26

RECORD KEEPING

This could be a nice little swing trade to 2014 highs. We had a nice gap and trap this morning with it opening above 49.. People might want to wait till open tomorrow and see what happens today, but I'm going to take this trade to 52 area.

pending order @ 44.50 targeting the flag pole

Whilst MACD and RSI still strong in the up, they are facing downward. The Bearish candlesticks showing early signs of a reversal from April 2017 high

With all the volatility earlier this week. ADM showing strength

Following a bullish Marabozu. Various timeframes signal same

Oscillators and EMAs downward sharply facing

ADM