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    May 12, 2022

    Ferrous Futures: Rangebound and Itching for a Big Move - Up or Down?

    Written by David Feldstein

    Editor’s note: SMU Contributor David Feldstein is president of Rock Trading Advisors. Rock provides customers attached to the steel industry with commodity price risk management services and market intelligence. RTA is registered with the National Futures Association as a Commodity Trade Advisor. David has over 20 years of professional trading experience and has been active in the ferrous derivatives space since 2012.

    This chart shows the HRC futures curve through March 2023 on Friday February 18, Tuesday March 22, and Monday April 25. February 18 was the Friday before the initial Cleveland-Cliff’s price increase announcement and the Russian invasion of Ukraine. March 22 was the high of the post-invasion short-squeeze rally.

    David Feldstein, SMU Contributor

    David Feldstein

    SMU Contributor David Feldstein is president of Rock Trading Advisors. David has over 20 years of financial market trading experience and has been active in the ferrous futures space since 2012. Feldstein earned an MBA from the University of Chicago Booth School of Business with concentrations in economics, statistics and analytical finance. He can be reached at davefeldstein@gmail.com.

    Read more from David Feldstein

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