CFD Trading – Sell Archer Daniels (ADM.NYS) @ $84.65. Stop @ $88.90 and Target @ $77.70.

Archer Daniels Stock Code ADM.NYS


Price failed to move above the cloud during a price correction and in the previous trading session, price broke below the cloud, hinting at a resumption of the bearish price trend. The previous correction stopped right at the Fibonacci 62% correction point as well. Lagging Span is below price of 26 days ago but is inside the cloud. MACD is bearish and hinting at a bearish price trend. We see price moving lower to the Fibonacci 127% price projection target as well as a previous price resistance turned support at $77.67.


$84.65                Sell

$88.90                Price Target

$77.70                Risk Management Stop

3 weeks              Trade Duration

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