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.
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Frequently Asked Questions
The current price of LME Steel Scrap CFR Turkey (Platts) Futures (May 2025) is 393.00 USD — it has fallen 0.76% in the past 24 hours. Watch LME Steel Scrap CFR Turkey (Platts) Futures (May 2025) price in more detail on the chart.
Track more important stats on the LME Steel Scrap CFR Turkey (Platts) Futures (May 2025) chart.
The nearest expiration date for LME Steel Scrap CFR Turkey (Platts) Futures (May 2025) is May 30, 2025.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell LME Steel Scrap CFR Turkey (Platts) Futures (May 2025) before May 30, 2025.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For LME Steel Scrap CFR Turkey (Platts) Futures (May 2025) this number is 0. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for LME Steel Scrap CFR Turkey (Platts) Futures (May 2025) 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 Scrap CFR Turkey (Platts) Futures (May 2025). 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 Scrap CFR Turkey (Platts) Futures (May 2025) technicals for a more comprehensive analysis.