Steel exhausts positive chances - Analysis - 22-05-2018

US Steel Corporation's stock (X) fell in the intraday levels, registering another loss of 3.84% in the last session, or 1.40 points, and trespassing the support of the 50-day SMA, getting exposed to its negative pressure, with negative signals from the RSI, while the stock trades alongside the upward short-term trend line. 

Therefore we expect the stock to return higher, provided the support of 31.17 holds on, targeting the resistance of 38.14 anew.