$X : Is Steel Ready For a Fall or Breakup?It appears Steel has reached an area of overhead resistance and at a quick glance one may assume it's ready for a break after temporary sector distortions due to covid and supply issues that plagued many sectors. We also know there are pressures from "cost inflation" as well that plague mines, as well as builders but it seems too early to tell if price will turn around and head down, fairly, quickly, or will these pressures in supply force prices upward. It's also been suggested there is enough supply overhead despite, "sheet mills in North America relying heavily on the low phosphorus pig iron from Ukraine and Russia", according to industry publication the Steel Market Update. Russia and Ukraine’s pig iron supplies account for 60% of US imports. Prices for steel have been falling since the fourth quarter of last year as supply exceeded demand, according to Axel Eggert from the European Steel Association. If supply exceeds demand, it's a no-brainer, however, there's this below: “Ongoing supply chain disruptions, skyrocketing energy and carbon prices, as well as persisting inflation are putting the recovery of the steel sector at risk. Combined with the current EU climate and energy policies, these are the ingredients of a dangerous cocktail that may drive Europe into a structural crisis and industry out of Europe." There's a push and pull of we have enough vs we won't have enough because of a, b and c. It's too early to tell. Need to just watch price as that will be the canary in the coal mine. :) by fortunaequitis1
X ideaA lot of support below (green rectangle) After that break, price pushed to new highs and now it is pulling back. Ideally we see a retest of previous resistance as support, or if we can see any sort of bull flag and break also validates the ideaLongby HouseOfTrades0
X (United States Steel) - Bearish Double Top & Momentum - DailyX (United States Steel Corporation) stock price has double-topped below $38.57. Bearish momentum (MACD) has down-crossed on a daily time frame. Entry (short): $37.25 Profit Target +12% (exit): $32.76 Stop Loss -6% (exit): $39.49 Utilize stop loss, profit targets, position sizing, and risk management. Note: Many stocks and ETFs have already rallied up for the past two weeks, signs of price potentially topping out have formed. XLB (Materials sector ETF) price has also reached a Resistance Zone and could possibly pull back to the downside. All content is Not financial advice. Trade at your own risk.Shortby NoFomoCharts2
Keep your eye on Xtiggers are apparent hopping for bust through! need some infrastructure bill! come on Uncle Biden Keep your Eye on the Ball Longby CbnycUpdated 334
The Rust Never Sleeps B*tchThe earnings. The chart. The retracement. Lordy. Who though US Steel would be one of the best performing stocks this year? Not me. Seeing Gary IN on the other side of Lake Michigan always terrified me, as it does with every other Chicagoan. But now apparently the symbol of American rust and decline is making a resurgence. Pig iron demand has the furnaces blazing again. Flame on!Longby sdeutsch951
AnnJoo vs USSteelYesterday we are seeing improvement KLSE steel sectors... Can it go up further ? Well take a look at comparison between USSteel and AnnJoo.. Generally their movement having high correlation. KLSE Steel Counters are lagging as compared to their cousins from US. by kgiap1238
$X - Monthly Candle breakoutIn March 2003, X was $10/share roughly. It then went to $190+ over the next 5 years before topping June 2008. I think we are in a multi-year cycle similar to that. You will look back on these prices in many of these materials, metals, energy, and other stocks and wished you had gotten in. However, even though the idea of a new commodity super cycle is fascinating and wonderful, it also will put massive strain on the economy and people's pocket books. It could be what leads us into a recession in 2024. Guess we have to be careful what we wish for. GLL! This is not a recommendation to buy or sell. It is for informational purposes only.by UnknownUnicorn167392722
X -3hFrom God’s point of view and knowledge, the current area is considered to determine the direction of the stop, for example, when buying, the close is in the 45m candle, and the stop is below the area and vice versa.by alqusari_yahya4
#### Steel X Longterm opportunityBreakout Trading for long-term investment opportunity. Expecting the breakout trend on coming weeks once it happens it will reach minimum 70$ then 85 $ Target Happy Trading!!!Longby sk-investopedia223
Long itjk it looks like its about to get rejected heavy at orange, but if it doenst itll run to $46 at blue and then i have levels marked higher up on this chart they are just not in view yet, but if we get there youll knowLongby largepetrol222
Steel in strong high-quality trend: use as "higher TF"Strong trend. Can serve as the "higher TF" for smaller TF trades. POI's: Steel broke out from downtrend POC is supporting the main uptrend. If already long on the daily. TP at $46.50, the highest price reached by previous peeks The anchored vwap is shown below - a close-up of the trend. Have not chosen a trade/plan yet. Hope this is useful as the "raw material". Zoom: Longby gb50k226
Target 32 ( 1 to 5 months )Good Technical and Fundamental so Target 32 will reach in 1 to 5 months...........Longby Risk_is_yoursUpdated 0
Target 32.50 ( 1 to 5 months )Technical and fundamental good , Good Up Trend going on , Target 32.50 ( Duration 1 to 5 months )Longby Risk_is_yoursUpdated 1
3/6/22 XUnited States Steel Corporation ( NYSE:X ) Sector: Non-Energy Minerals (Steel) Market Capitalization: 8.198B Current Price: $31.42 Breakout price: $30.55 Buy Zone (Top/Bottom Range): $29.45-$26.95 Price Target: $38.00-$39.30 Estimated Duration to Target: 65-69d Contract of Interest: $X 5/20/22 35c Trade price as of publish date: $2.50/contractLongby lord_catnip335
good day for "x" UNITED STATES STEEL CORPORATIONGOOD MORNING, Today, there are several indicators for the X stock, and all of these indicators say that there is a rise in the coming days, so I think it is good to buy now. First, we are above the VWAP and above the resistance, so we are a little protected, especially since they are resistances related to days, Second, the 4EMA indicator is in the correct order and with a good density. It also indicates the rise in addition to MACD as well. OPEN YOUR WALLETS AND GOOD LUCKby MOHAMEDOUCHAIB113
X---monthly What if these commodities are just a fake out and rates will bring down inflation?by JAMBCapital0
Trend Evolution for X using basics trendline.Using the basics trendline analysis for X we can see that We are in a bullish channel. At least the security be close to 26.25. However, in the last three days, we can see a Key Reversal that is pushing the price to channel support. A price to start accumulating this security is around 21.06 which is near 10% of losses and near the support of 20.43 Shortby jchemile0
Short on Unites States Steel. XWe are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!Shortby Rykin_CapitalUpdated 0
X Shorting long swing Invalidation zone at the top of wave 1 (red line) No fix target yet, consider as it movesShortby hngng_anhs220