Steel buoyed by pivotal support - Analysis - 12-10-2018

2018-10-12 13:13:22 GMT (Economies.com)
Steel buoyed by pivotal support - Analysis - 12-10-2018
 

US Steel Corporation's stock rose in the intraday levels, after the pivotal support of 27.89 held its ground, scoring a final profit of 0.29%, or 0.08 points, and ending a session marked with volatility, amid negative pressure from the 50-period SMA in the intraday levels, with negative signals from the RSI, coupled with the dominance of the downward trend in the medium and short terms. 

 

Therefore we expect the stock to decline, especially if the support of 27.89 was breached, targeting the next one at 26.04. 

 

Expected trend for today: Bearish 

 
 
 
  Symbol Last Change Chg.%
1.1480
-0.0042
0.3650%
1.2996
-0.0076
0.5787%
14.758
0.125
0.854%
66.190
-3.091
4.462%
76.37
-3.46
4.33%
1231.705
5.000
0.408%
 
 
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