FGM’S ECONOMIST DANIEL DODERER FEATURED IN SMU
For the first time in weeks, activity in the futures market broke out of the recent “front grinds lower” pattern to provide new insight into the dynamics of the steel industry.
The featured chart shows the forward curves from 10 weeks ago, four weeks ago, last week, and today (June 20). The histogram explicitly shows how the curve has changed compared to two weeks ago. What is most notable here is how fluctuations in the curve can be viewed in tandem with changing sentiment.