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
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