Lumber Thesis for 2024I feel like lumber could pull back or go sideways here as we keep failing to break out. If it goes as described we will see a breakout this summer. Speculative at best, not financial advice, DYOR.
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About Bleached Softwood Kraft Pulp Futures
S&P 500 - short for Standard and Poor's 500, is a United States stock market index based on the market capitalizations of the top 500 companies that have common stock listed on the New York Stock Exchange or NASDAQ. With its headquarters in New York City and dating back to 1860, Standard and Poor's has offices in 23 countries and maintains the SP 500 index.
Lumber Gap Fill @ $469, easy 4% ?
I have been watching lumber for sometime, I have been expecting this gap to fill. What happens from there I do not know. A possible accumulation range could form. There might be some scalp money here for someone short term. Not financial advice. DYOR.
Lumber Under Heavy Accumulation!We have multiple reasons to believe that lumber futures are being accumulated heavily here in 2023, with a very large spike in volume. And if you look at volume profile, you will see that a lot of transactions are happening at this price.
I have also confirmed with a local lumber supplier here in
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Buying or selling futures contracts depends on many factors: season, underlying commodity, your own trading strategy. So mostly it's up to you, but if you look for some certain calculations to take into account, you can study technical analysis for Bleached Softwood Kraft Pulp Futures. Today its technical rating is buy, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Bleached Softwood Kraft Pulp Futures technicals for a more comprehensive analysis.
The current price of Bleached Softwood Kraft Pulp Futures is 6310 CNY — it has risen 0.64% in the past 24 hours.
The volume of Bleached Softwood Kraft Pulp Futures is 100.07 K.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Bleached Softwood Kraft Pulp Futures this number is 194.88 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Bleached Softwood Kraft Pulp Futures shows that traders are closing their positions, which means a weakening trend.