Luxembourg: Arcelor shares price keeps the negativity – Analysis – 22-7-2019

Arcelor shares price attempted to form some positive rebound recently, while its consolidation within the bearish channel and 15.88 level forming additional resistance supports the continuation of the negativity for the upcoming trading, thus, we will keep waiting to gather new negative momentum to assist to form new negative trades to target 14.10 followed by 12.90 levels.

Stochastic begins to form negative wave and settles below 50 level, to agree the negative overview and increase the chances of gathering the required negative momentum to record the mentioned targets.

The expected trading range for today is between 15.90 and 14.10

The expected trend for today: Bearish