Economy
June 30, 2016
June 2016 at a Glance
Written by Brett Linton
Andre Marshall stated in his “futures” article this evening that perhaps the market is a little too negative. The purpose of looking at the month of June in its totality is to provide another way to look at what just happened over the past month as you prepare for the next one.
SMU Price Momentum Indicator was adjusted to “Neutral” during the month of June. We believe prices will trend sideways (or bounce up and down, which is what we have seen over the past couple of weeks) until momentum is re-established in one direction or the other. The price increase announcements made by ArcelorMittal and NLMK USA during the month do not appear to have had any effect on the direction of prices.
