Steel gives in to negative pressure - Analysis - 16-01-2019

US Steel Corporation's stock tumbled 3.03% in the last session, or 0.63 points, as a negative divergence formed in the Stochastic indicator as shown below the attached chart, amid the dominance of the main downward trend in the medium and short terms, with negative pressure from the 50-day SMA. 

Therefore we expect more losses for the stock, targeting the support of 18.55 anew, as long as the resistance of 21.75 holds on. 

Expected trend for today: Bearish