Steel leans on current support - Analysis - 19-10-2018

US Steel Corporation's stock moved alongside the downward correctional trend line in the medium term as shown in the attached chart, recording a loss of 0.96% in the last session, or 0.27 points, with negative signals from the RSI, coupled with negative pressure from the 50-period SMA in the intraday levels, leaning thereafter on the important support of 27.89. 

Therefore we expect more losses for the stock, especially if the support of 27.89 was breached, targeting the support of 26.04. 

Expected trend for today: Bearish