Morning Trend | Archer-Daniels-Midland continues to suppress, is a rebound window in sight?

Archer-Daniels-Midland (ADM.US) has recently seen a continuous decline in market value, exhibiting a typical defensive adjustment trend in bulk agricultural products. The market generally reflects: shorts are doing their utmost, while bulls are "gathering strength" and are eager to move; is the main force about to switch from defense to offense? Analyzing the market in detail: this wave of decline has already hit the key support zone of $70-72. The gap on the daily chart has just been filled, and funding sentiment has significantly improved, with the main force starting to sporadically replenish low-position chips. Large order activity has increased in the intraday market, maintaining a contraction in volume throughout the day, which aligns closely with the bullish initiation cycle of 2019-2020. The community trading circle is particularly focused on this low-level consolidation period. Many trend-following main forces are seizing the opportunity to bottom-fish early, driven by the "agricultural product cycle + commodity rebound." There are also shorts warning to be cautious of a supplementary decline; if the support zone is breached, there is a risk of a second downward probe. The watershed is very clear, providing opportunities for short-term players. In terms of operations, it is recommended to track two signals: first, if the support zone holds and a large bullish candle with 1.5 times the volume appears during the day, then the short-term rebound window is very close; if volume continues to contract and the bottom is ground out, it is advisable to remain on the sidelines and patiently wait for a true signal to emerge. A large hammer line following a series of sharp declines cannot be ruled out, indicating a bullish reversal. Overall, this is neither a major top nor a deep pit bottom, but an excellent area for intensive swing trading. After a right-side breakout signal, one can test position layouts, while being cautious of the risk of a downturn in the bulk cycle. ADM is in a low valuation range that is attracting the main force's attention; if the agricultural product index improves overall, the momentum of this rebound will far exceed expectations. Pay attention to subtle intraday movements, just waiting for the main force to "light the signal" to ignite