HRC & Busheling Futures: Front Months Drifting Lower in Quiet Summer Trading

Editor’s note: 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 for eight years. David earned an MBA from the University of Chicago Booth School of Business with concentrations in economics, statistics and analytical finance.

Since my last article on June 4, the July future dropped $30, now trading below $500, and August dropped $10-15, now trading around $515. The rest of the curve has been little changed and remains flat to upward sloping in the $530-545 range.

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.