(CercleFinance.com) – Degraded by a ‘broker’, Arcelor Mittal relapses upon contact with the 20E, the major floor – and annual low – of October 30: the 20E have already been tested at the end of September 2022, it followed a rebound of +50% towards 30.5E (early March).
Under this crucial support, there is a big risk of Arcelor going to test 16.5E (ex-zenith of 12/16/2019 and 02/12/2020) then filling the ‘gap’ of 14.54E of 11/23/ 2020.
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