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Jan 28, 2023 8:40 PM

Is lumber Spiking? 

Lumber (Cash)Pepperstone

Description

This Lumber Weekly chart clearly shows the unique parallell range that confirmed a breakdown.

Now to determine what likely happens next we wait to see if we get a close above or below the weekly key channel Resistance line.

If rates remain soft we will likely get a continuation move to the upside.
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