HRC Futures Shift Into Rally Mode

The July Midwest HRC future started February just below $800, rallied $325 in just over a month peaking at $1,115 on March 9. Over the next 81 days, the July future basically went full circle, falling $311 to just over $800 on June 1. Since the start of June, the July future has rallied almost $100 trading to an intraday high of $895 earlier today.

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.

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.

David Feldstein

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