STEEL, breaking above the downtrend, testing the key fibosSteel futures. A great world economy proxy
Bouncing and testing all key fibonacci levels. Still, no higher highs, hence trend remains bearish (so as for the economy?)
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of LME Steel HRC FOB China Futures is 494.00 USD / TNE — it has fallen −1.20% in the past 24 hours. Watch LME Steel HRC FOB China Futures price in more detail on the chart.
Track more important stats on the LME Steel HRC FOB China Futures chart.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For LME Steel HRC FOB China Futures this number is 774.00. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for LME Steel HRC FOB China Futures shows that traders are closing their positions, which means a weakening trend.
Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for LME Steel HRC FOB China Futures. Today its technical rating is sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of LME Steel HRC FOB China Futures technicals for a more comprehensive analysis.