Steel ends unchanged - Analysis - 23-06-2017

US Steel Corporation's stock (X) closed flat in the intraday levels, after settling below the pivotal resistance of 23.99, representing the ratio 50% of Fibonacci retracement levels for an ascending wave in the medium term (from 6.15 to 41.83), with negative pressure from the 50-day SMA. 

Therefore we expect the stock to fall in the coming trading, targeting the important support of 19.78, which represents the ratio 61.8% of the same retracement levels.