CME:LBS1!   RANDOM LENGTH LUMBER FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT)
Lumber has moved up in price more than two fold from a low of 248 in April 2020 to current levels above 600.

Momentum to the upside is strong ( RSI near 70 level and 30 day > 50 day) . The bias continues to the upside ( all short term daily averages aligned up) .

The All Time High price looms above at 648 . I am wondering if this soft commodity can do what the precious metal has done and break the ATH .

If so , a long can be justified.

1. Enter - around low $ 601

2. Target - 745 ( who knows )

3. Stop - 530 ( 3 atr)

4. RR = 2

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar About Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out