Lumber crash suggesting housing starting to roll over⤵️Lumber crash suggesting housing starting to roll over⤵️
Existing home sales falling⤵️
US 30 Year fixed mortgage rates going back making house loans expensive ⤴️
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.
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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Frequently Asked Questions
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 Lumber Futures. Today its technical rating is strong sell, but remember that market conditions change all the time, so it's always crucial to do your own research. See more of Lumber Futures technicals for a more comprehensive analysis.
The current price of Lumber Futures is 499.5 USD — it has fallen 1.96% in the past 24 hours.
The volume of Lumber Futures is 1.37 K.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Lumber Futures this number is 4.06 K. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Lumber Futures shows that traders are closing their positions, which means a weakening trend.