Steel strives to vent off overbought saturation - Analysis - 13-12-2017

US Steel Corporation's stock (X) fell in the intraday levels, recording a loss of 1.26% in the last session, or 0.42 points, as the stock tries to gather momentum to help it rise anew, by venting off the overbought saturation in the RSI, amid the dominance of the upward short-term trend, with positive support from the 50-day SMA.

Therefore we expect the stock to return higher, targeting the resistance of 34.93, as long as it settles above 1.38.