The two key support levels I'd be watching are 79, which represents the early-March breakout, and 74, which is the candle body support from late February. The 50-day SMA also comes in at 73.61, just beneath that price support level. ADM still looks very solid to me, but it does seem to have seen exhaustive buying in the near-term, setting up a possible shorting opportunity. Shorting in the 84-86 area with a tight stop on ANY intraday move above
88 makes sense to me, using the two support levels identified above as potential target prices to cover.
