Steel returns lower - Analysis - 06-12-2018

2018-12-06 13:28:37 GMT (Economies.com)
Steel returns lower - Analysis - 06-12-2018
 

US Steel Corporation's stock returned lower in the intraday levels, marking a hefty loss of 5.01% in the last session, or 1.19 points, amid negative pressure from the 50-day SMA, with the dominance of the main downward trend in the medium and short terms, while countered with positive signals from the RSI. 

 

Therefore we expect more losses for the stock, as long as the resistance of 24.89 holds on, targeting the support of 21.75. 

 

Expected trend for today: Bearish  

 
 
 
  Symbol Last Change Chg.%
1.1303
-0.0094
0.8278%
1.2575
-0.0128
1.0100%
14.626
0.005
0.034%
51.148
-1.097
2.101%
60.16
-1.26
2.05%
1239.975
-8.065
0.646%
 
 
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