Arcelor shares price declined below the additional support 15.85 recently, confirming its surrender to the bearish bias domination to agree the main consolidation within the bearish channel and reach 14.50 level.

The major indicators continue to provide the negative momentum to allow us to suggest more negative trades and expect to move towards 13.70 followed by reaching the bearish channel’s support line at 13.00.

The expected trading range for today is between 15.40 and 13.70

The expected trend for today: Bearish