Long set ups for Steel Stocks

[brass_trader]

Any of you looking at NUE or X here? Im thinking they are way over sold.

 

[trend2009]

compared with March last year， it is up 500%

 

[Nobert]

https://www.macrobusiness.com.au/2014/05/a-brief-history-of-the-chinese-steel-sector/

https://www.worldsteel.org/steel-by-topic/statistics/top-producers.html

Anything, but oversold.

 

[David's faith]

Economies could be crashing like cards or hard deleverage at least and you want to go long steel? Go long USD/TRY instead or grab some forward Soy calender spreads for the upcoming food shortages. Short airlines or tech stocks or credit givers... So many opportunities right now.