LS1! Commodities Futures Chart

LUMBER FUTURES

 

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Lanmar Lanmar PRO LB1!, M, Short , 3 months ago
LB1!: Lumber at a critical monthly fib level
40 0 8
LB1!, M Short
Lumber at a critical monthly fib level

Short on rally

IvanLabrie IvanLabrie PRO LS1!, D, Short , 10 months ago
LS1!: Lumber: Potential top spotted
490 5 23
LS1!, D Short
Lumber: Potential top spotted

Lumber futures appear to have topped against a massive monthly mode. You can go short with stops above the highs to be safe, target a retest of the uptrend mode from the lows. I overlaid EURUSD and USOIL so you can compare the price action. It's clear we're witneseeing a major dollar rally here. I wouldn't discard its significance. If you're not in any of my ...

BennyManieri BennyManieri PRO LS1!, D, Short , a year ago
LS1!: I got wood! Manieri bearish on Lumber.
21 4 1
LS1!, D Short
I got wood! Manieri bearish on Lumber.

Bearish Gartley Pattern @ $287.10 Stop loss above $314.30 Target 1 @ $259.30 Target 2 @ $242.10

CommoditiesTrader CommoditiesTrader LS1!, W, Short , 2 years ago
LS1!: Lumber is Sinking – Is Housing Next?
181 20 5
LS1!, W Short
Lumber is Sinking – Is Housing Next?

Earlier this month, the idea of lumber being a signal for economic data was brought to the table (here). Lumber is not necessarily a trader’s first go-to for evaluating economic forecasts, but there is a striking resemblance in trend for lumber and the ISM manufacturing PMI data. As lumber prices dive, manufacturing data tends to do the same (and vice versa). ...

jangseohee jangseohee LS1!, M, 2 years ago
LS1!: LS1!, Yellen know what is X!!
279 16 14
LS1!, M
LS1!, Yellen know what is X!!

I had 3 follow up post of Lumber futures to see the progress of the triangle breakout towards inflation or housing slump. Since like lumber is heading for housing slump I've decided to overlay LS1! vs SPX to see how they behave for the last two crisis. Orange line (Lumber futures), Blue Line (SPX) Red bold vertical line with a circle indicates the point when ...

CommoditiesTrader CommoditiesTrader LS1!, W, Short , 2 years ago
LS1!: Is Lumber Signalling Bad News for US Manufacturing?
110 0 4
LS1!, W Short
Is Lumber Signalling Bad News for US Manufacturing?

Lumber is highly correlated to the ISM manufacturing index (or vice versa?). Nevertheless, the weakness in lumber prices is corresponding with the softening manufacturing data, although manufacturing data from Markit suggest manufacturing is weaker than ISM reports. New orders index collapsed from Nov/Dec 66 to 57. Prices have noticeably declined, too. Anyways, ...

jangseohee jangseohee LS1!, M, 2 years ago
LS1!: Lumber, touching channel support now!
80 4 7
LS1!, M
Lumber, touching channel support now!

1 months ago, while shopping around i noticed that price of Lumber futures was at the top of the current triangle. I shorted it and now, almost a month later.. i am collecting my little profit. Price is SITTING on the support now! Lets see if the lower triangle can hold the falling price... Hold your seatbelt tight!

jangseohee jangseohee LS1!, D, 2 years ago
LS1!: LS1!, daily triangle
45 0 5
LS1!, D
LS1!, daily triangle

Shorted when i posted this chart 25 days ago. Took 25% profit first as price is getting squeeze into a smaller triangle

jangseohee jangseohee LS1!, W, 2 years ago
LS1!: LS1!, Inflation vs Housing slump
100 0 4
LS1!, W
LS1!, Inflation vs Housing slump

Since a gigantic break out from a falling wedge (dated back to 2005) in Nov 2009 and a strong support by extended upper wedge line, lumber price has engaged in this long term uptrend channel. As can be seen, since topping out at 2013 at upper channel resistance, price has been consolidating in symmetrical triangle formation. In a couple of weeks, whether the ...

benito99 benito99 LS1!, D, Long , 3 years ago
LS1!: Lumber Ready To Breakout?
57 2 0
LS1!, D Long
Lumber Ready To Breakout?

Lumber has been coiling in a B wave triangle for the last 3 months, but looks ready to resume it's ascent to the grey box. My prediction is 450-480 by the end of the year (October at the earliest).

christopherbrecher christopherbrecher PRO LS1!, W, Short , 3 years ago
LS1!: Homebuilder ETF and lumber futures have correlated well.
146 0 0
LS1!, W Short
Homebuilder ETF and lumber futures have correlated well.

XHB and lumber futures have correlated well for years, till now.

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