X (Steel)
Drop with most commodity sensitive stocks on friday.
30$ resistance is tough. We closed Friday on 28 fib support. If we lose support X could correct to 25$
Keep in mind the 50sma at 27.20 high chance it dead cat there but if it closes below that 50 sma things will drop quickly.
A higher dollar doesn't help commodities either
30$ resistance is tough. We closed Friday on 28 fib support. If we lose support X could correct to 25$
Keep in mind the 50sma at 27.20 high chance it dead cat there but if it closes below that 50 sma things will drop quickly.
A higher dollar doesn't help commodities either
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.