It's clear 2022 has been dominated by inflation fears and for a good reason.
Inflation is skyrocketing
Interest rates are rising
Bond yield curves are inverting
Energy wars are raging
Debt holes are deepening
I hate to be the bearer of bad news, but nothing has changed.
The reason inflation continues higher is because it’s a feedback loop in a low interest rate...
Interfor Corporation IFP - Canada (IFP)
Interfor Corporation is a Canada-based forest products company. The Company and its subsidiaries produce wood products in British Columbia, the United States Northwest and the United States South for sale to markets around the world.
At the time of writing this on, 19/3/2022, the share price at $42 is just a whisker...
WY classic fake out before earnings break out
We need to consolidate after breaking all time high before we move higher.
Yes timber prices are coming down but first they need to report all the earnings they had last quarter.
we are not done with commodities pumping up - once gas goes up the timber goes up too.
This is one of the sector which has been going up pretty fast since the March low. It perfectly back tested the trend line as well as previous all time high from June 2018 perfectly and moving lower. Risk to reward seems pretty attractive.
Hello Fellow Traders,
Here we are looking at Conifex Timber Inc (CFF) on the TSX. This chart is pretty self explanatory. While prices have been moving down since 2018, we can see that some bullish momentum came in during June this year. On the smaller scale, we can see that a bullish falling wedge pattern has formed. On the larger scale, we can see a that a nice...
The Commerce Department ruled recently that tariffs imposed on most Canadian lumber sold south of the border could be reduced, after conducting an administrative review of anti-dumping and countervailing duties applicable for 2017 and 2018. This will mean a boost to cash flow and profits for the Canadian lumber companies. Also, lumber prices have been rising.
The falling wedge is about to break out.
The divergence in the dailies is quite clear both MACD and Histogram which Alexander Elder says is powerful.
The weeklies have a divergence in the H but not in the MACD itself.
So, it is a tradable long.
Going long at US open tonight 11 Sep 2019 with a stop below the gap at 55.60 area - to be specific atop at 55..