Steel tries to vent off oversold saturation - Analysis - 13-12-2018

Economies.com
2018-12-13 14:05PM UTC

US Steel Corporation's stock rose 0.88% in the last session, or 0.18 points, while venting off oversold saturation in the RSI, amid negative pressure from the 50-day SMA, with the dominance of the main downward trend in the medium and short terms. 

 

Therefore we expect the stock to return lower, targeting the pivotal support of 18.55, as long as it settles below 21.75. 

 

Expected trend for today: Bearish 

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