Target 68.25Following weekly chart.
Got a long signal from indicator.
TP1 64.09
TP2 68.25
SL - Close under 58.95 candle close.
Admlong
ADM BreakoutADM has broken out of a multi-year resistance level, we could see much higher prices. I will also add that the valuation ratios are looking good.
ADM approaching resistance, potential drop! 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 approaching resistance, potential drop! 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.
US OIL approaching resistance, potential drop! USOIL is approaching our first resistancce at 59.96 (61.8% fiboancci extension, 50% fibonacci retracement , horizontal pullback resistance) where a strong drop might occur below this level pushing price down to our major support at 51.08 (horizontal swing low support, 50% fibonacci retracement ).
Stochastic (89,5,3,) is also approaching resistance where we are expecting a drop below this level.
