Tons of support just below $12.00.

Trade war ending? Maybe…US Steel has been crushed over the last year. At this week’s low the stock is down over 70% from last summer’s highs. This week X is retesting the May/June lows($11.75). A divergent low in the daily MACD has been in place all year. We believe X is a low risk buy near $12.00.

We are long X in some managed accounts.