06.05.2016 - We expect the price decline of Nucor

Price of Nucor corrected down to the descending channel after failed to overcome the resistance at 50.80. In case of continuation of the current dynamics quotations will reach 47.00 and the lower boundary of the channel. If the price fixates below these levels, we expect a continuation of negative dynamics until 44.00 and 40.00. The growth in the near future is limited by the levels of 50.80 and 52.00. Our forecast for the nearest week is negative.

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