11.10.2016 - We expect the decline of Nucor to 46.00 and lower

Price of Nucor showed a decrease after could not continue correction and overcome the psychologically important level of 50.00. In the near future quotations may reach the support level at 46.00 and fixing of price below this mark will be the basis for the continuation of negative dynamics of price with the targets at 40.80 and 36.80. The growth in the near future is limited by a local maximum at 50.00. Our medium-term outlook remains negative and we expect a decrease in the near future.

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