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US Midwest Busheling Nov '24 (THX24)

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Contract Specifications

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Contract
U.S. Midwest Busheling Ferrous Scrap AAM Futures
Contract Size
20 gross tons ($1 per short ton)
Tick Size
$1 per short ton ($20.00 per contract)
Trading Hours
5:00p.m. - 4:00p.m. (Sun-Fri) CST
Exchange
COMEX
Point Value
$20
Expiration Date
11/12/24 (expired)
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Price Performance

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Period Period Low Period High Performance
1-Month
405.00 +1.72%
on 10/31/24
420.00 -1.91%
on 10/31/24
-8.02 (-1.91%)
since 10/11/24
3-Month
395.00 +4.30%
on 09/04/24
440.00 -6.37%
on 08/13/24
-28.02 (-6.37%)
since 08/12/24
52-Week
395.00 +4.30%
on 09/04/24
535.00 -22.99%
on 12/14/23
-113.02 (-21.53%)
since 11/10/23

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Most Recent Stories

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Dollar Recovers on Fed Chair Speculation

The dollar index (DXY00 ) on Friday rose by +0.04%. The dollar recovered from early losses on Friday and moved higher after President Trump expressed reluctance to nominate Kevin Hassett as Fed Chair....

DXY00 : 99.393s (+0.07%)
GCG26 : 4,595.4s (-0.61%)
SIH26 : 88.537s (-4.13%)
^USDJPY : 158.077 (-0.35%)
^EURUSD : 1.15985 (-0.09%)
Dollar Drops as the Yen Gains on Verbal Warnings

The dollar index (DXY00 ) today is down by -0.14% as it consolidates modestly below Thursday's 6-week high. The strength in equity markets today has curbed some liquidity demand for the dollar. Also,...

DXY00 : 99.393s (+0.07%)
GCG26 : 4,595.4s (-0.61%)
SIH26 : 88.537s (-4.13%)
^USDJPY : 158.077 (-0.35%)
^EURUSD : 1.15985 (-0.09%)
Dollar Gains on Strong US Economic News and Hawkish Fed Comments

The dollar index (DXY00 ) climbed to a 6-week high on Thursday and finished up by +0.26%. The dollar is moving higher today on better-than-expected US economic news. Weekly jobless claims unexpectedly...

DXY00 : 99.393s (+0.07%)
GCG26 : 4,595.4s (-0.61%)
SIH26 : 88.537s (-4.13%)
^USDJPY : 158.077 (-0.35%)
^EURUSD : 1.15985 (-0.09%)
Silver Prices Keep Confounding Experts. I Won’t Be Surprised If They Hit $100 Soon.

There’s a higher price floor in place for silver, so no matter what surprises are ahead, I expect prices to go no further than $50 on the downside.

$DXY : 99.39 (+0.07%)
SIH26 : 88.537s (-4.13%)
DXH26 : 99.201s (+0.08%)
Dollar Rallies on Solid US Economic News

The dollar index (DXY00 ) today climbed to a 6-week high and is up by +0.36%. The dollar is moving higher today on better-than-expected US economic news. Weekly jobless claims unexpectedly fell to a 6-week...

DXY00 : 99.393s (+0.07%)
GCG26 : 4,595.4s (-0.61%)
SIH26 : 88.537s (-4.13%)
^USDJPY : 158.077 (-0.35%)
^EURUSD : 1.15985 (-0.09%)
Silver drops as US refrained from imposing tariffs on Critical Minerals

Silver pulls back as the U.S. refrains from imposing tariffs on critical minerals, shifting near-term market dynamics. Phil Streible breaks down what’s driving the move and the levels traders are watching...

What Was Thursday Morning's "Nuttiest" Headline?

Thursday morning again saw global markets having to adjust to realigned alliances and general destabilization.

$DXY : 99.39 (+0.07%)
$CRSI : 549.17 (+0.50%)
GCY00 : 4,596.38 (-0.42%)
SIY00 : 90.1286 (-2.45%)
$CSWI : 461.00 (+1.21%)
$CRWI : 457.84 (+2.22%)
$CNCI : 389.08 (+1.23%)
$CNSI : 989.71 (+0.50%)
I Would Not Want To Live In A World Of Gold

When I first began buying gold when it was around $300 in price, I remember people saying how they would not want to live in a world of $1,000 gold. This fear was based upon the commonly held expectation...

Dollar Rebounds on an Upbeat Fed Beige Book

The dollar index (DXY00 ) on Wednesday fell by -0.03%. The dollar finished slightly lower on Wednesday and was under pressure most of the day after the yen rallied on jawboning from Japanese government...

DXY00 : 99.393s (+0.07%)
GCG26 : 4,595.4s (-0.61%)
SIH26 : 88.537s (-4.13%)
^USDJPY : 158.077 (-0.35%)
^EURUSD : 1.15985 (-0.09%)
Silver Above $90! Miners: Full Stop.

Another day, another confirmation of the great silver disconnect. Are you making money on it?

Barchart Trading Guide

The Barchart Trading Guide is a Sell Signal with a Weak Signal Strength.

Key Turning Points

3rd Resistance Point 411.98
2nd Resistance Point 411.98
1st Resistance Point 411.98
Last Price 411.98s
1st Support Level 411.98
2nd Support Level 411.98
3rd Support Level 411.98

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52-Week High 535.00
Fibonacci 61.8% 481.52
Fibonacci 50% 465.00
Fibonacci 38.2% 448.48
Last Price 411.98s
52-Week Low 395.00

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