The share of Archer Daniels Midland (WKN: 854161) had established a long -term downward trend after reaching an all -time high at $ 98.88 in 2022. Starting from in April of this year $ 40.98 posted 5-year low It is currently rehearsing a multi -month soil formation. On Friday the value of the increase over the falling 200-day line On a 3-month highwith which he now Above all relevant average lines And also above his Ichimoku cloud noted. A sustainable increase over the horizontal barrier achieved 52.36/52.54 USD At the time of the day, the scenario of one could now be confirmed Completed soil be assessed. Potential next recreation goals at 54.64/54.76 USD and $ 57.21/57.76 would move into the chart -technical focus. The sustainable overcoming of the latter zone would continue to lighten the long-term image with medium-term opportunities in the direction of initially $ 62.61-63.64 and possibly $ 66.08-69.93. With a view to the underside, the price curve has a possible next support topics at $ 50.69-51.48 and $ 47.77-49.58. The Bullish scenario would be destroyed with a violation of the last reaction depth at $ 46.81. In this case, a new test of the support zone would be planned to plan $ 40.98/41.79.
