Short Idea On LUMBER (LBR1!)Based on :
- Cot Data
- Supply Zone
- Inverted Hammer Candle Confirmation
Related commodities
LUMBER ShortLumber is now net short on the regression break.
The front month roll on this commodity = +3.6% in the Short direction
I am considering this trade.
Evaluating the es and Russell as short trades looking for a long trade on coffee. It's difficult to make it definitive decision about gold but it looks like it's going to go a little lower for the time being as the dollar is moving higher at the moment.
A review of multiple markets6.17. 25 an important change in oil to check out. we'll have to wait for some changes on gold to decide its direction.... it's not far below the high but it's not trading well... and I have some concern that the market could wash and rinse buyers and sellers.... so there needs to be more clarity
Momentum Trading Strategies Across AssetsMomentum trading is a strategy that seeks to capitalize on the continuation of existing trends in asset prices. By identifying and following assets exhibiting strong recent performance—either upward or downward—traders aim to profit from the persistence of these price movements.
**Key Components of
LUMBER Futures LongGood trending market but it has a negative roll of -3.5% per a month on futures.
Not a trade i will take at this time.
Lumber Market Yawns on Hurricane NewsMassive Hurricane wipes out billions of dollars of property and the lumber market just sits. What am I missing other than the flood of buyers you would think that would plunge in, so this could be an indicator of further slowing of building.
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.
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Summarizing what the indicators are suggesting.
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Neutral
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Strong sellSellNeutralBuyStrong buy
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of Bloomberg ex-Softs Futures is 115.97 USD — it has fallen −0.09% in the past 24 hours. Watch Bloomberg ex-Softs Futures price in more detail on the chart.
Track more important stats on the Bloomberg ex-Softs Futures chart.
The nearest expiration date for Bloomberg ex-Softs Futures is Dec 22, 2028.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Bloomberg ex-Softs Futures before Dec 22, 2028.
Open interest is the number of contracts held by traders in active positions — they're not closed or expired. For Bloomberg ex-Softs Futures this number is 0.00. You can use it to track a prevailing market trend and adjust your own strategy: declining open interest for Bloomberg ex-Softs Futures shows that traders are closing their positions, which means a weakening trend.
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 Bloomberg ex-Softs 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 Bloomberg ex-Softs Futures technicals for a more comprehensive analysis.