LUMBER FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT)

CME

LBS1!

salsapete

Lumber has moved up in price more than two fold from a low of 248 in April 2020 to current levels above 600. Momentum to the upside is strong ( RSI near 70 level and 30 day > 50 day) . The bias continues to the upside ( all short term daily averages aligned up) . The All Time High price looms above at 648 . I am wondering if this soft commodity can do what...

Brucewayne1688

first line of support at 445.6

bottomcatcher

From the fall of 2015, the demand for Lumber skyrocketed driving prices from $213 to almost $650 by mid-2018 where it peaked. The second half of 2018 was a very different story as demand eased creating a glut in the market which resulted in weak commodity prices which ultimately led to a steep decline back to $300 by October, previously seen in November 2016....

pro_trader_onthetop

first of all LBS1 is over the VWAP so it's safe to buy and WE SEE a high volume wich makes a squeeze top direction so i recommend to buy right now

abro.michael

Bonjour ! J'ai décidé cette fin de semaine de vous présenter cette analyse très intéressante avec un fort potentiel et une probabilité de gain. Analyse long terme sur le bois de construction. * Depuis avril 2020 le prix du bois a grimpé de plus de 50% après son plus bas de mars 2020 à 255$ US. Cette hausse se traduit malgré le covid-19 aux prévision macro...

dchua1969

Read his prediction here I listened to one of his video recently and he mentioned about the co-relation between Lumber and the stock market. He said that Lumber price action is a good indicator of consumer wealth direction as that is what most average Joe will spend on the most - their home. Currently, this commodity is facing some resistance at 71.4. I expect...

Vercingetorix01

I'm really just publishing this one for my own records. Long entry when LBS pulls back to 356 or so, holding the contracts through June, then selling them.

Hamza_El_aouny

Buy signal

Dinjin

Dates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will...

Dinjin

Dates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will...

Dinjin

Dates in the future with the greatest probability for a price high or price low. The Djinn Predictive Indicators are simple mathematical equations. Once an equation is given to Siri the algorithm provides the future price swing date. Djinn Indicators work on all charts, for any asset category and in all time frames. Occasionally a Djinn Predictive Indicator will...

CypherOne

When Lumber goes down and Gold goes up this can be an indicator of a coming market crash.

taftrader

We can now put our trade on breakeven.If my thesis is right price shouldnt play anywhere close to our entry. Remember our risk is markets money,profit from the 1st trade see attachments.

taftrader

Okay so remember when we started this trade we put in 3 contracts, and we quickly reached TP1 (see attachments) and banked about 22 points? The other targets TP2 (50 points) and TP3 (78 points) remained open. A few days later we put our trade on breakeven and price started retracing back towards our breakeven level. Today's close was significant in that it...

taftrader

We can now put our trade on breakeven after having locked in a third of our profits. We ride risk free now!

taftrader

1st target reached in spectacular fashion. Yesterday the 18th of November Lumber was on the top of BarChart's futures surprise list with a 2.54% jump . We had seen that price jump coming already. Now we wait,remember we have 3 price targets (see attachment) so we should get a pullback of some sort then another price jump. Its only after the pullback and price jump...

taftrader

We have a beautiful ascending triangle formation taking shape here on the daily. Price is currently above daily Kijun and the lagging is free to move.The 1st target would obviously be the upper edge of the triangle and we should get a pullback from there then acceleration to break out of the formation. The next target being this year's high achieved in February,we...

Trade2Double

The bearish rising channel is broken today. Taking a position and will add to it if the move will continue.