Arcelor shares price affected by the strength of the moving average 55 in its last trading, to form an extra resistance at 15.00, which forces it to renew the negative fluctuation within the bearish channel levels that appears in the above image, and we notice that the price formed a negative attack recently to approach from the initial negative target at 13.30.

Note that stochastic decline sharply and its stability within the oversold level supports the negative suggestion by providing a strong negative momentum, to increase the chances for breaking 13.30 level, in order to reach to the next negative station at 12.10 level.

The expected trading range for today is between 14.20 and 12.80

The expected trend for today: Bearish