Traders: Track a September contract breakout above 494.5. A decisive close above that level sets a rough target of 600 (shelf of former highs from last year).
I’ll pass since I don’t trade lumber. (I like the bullish divergence forming on the 14-day RSI, though.)
Whether you trade the futures contract or not, a rally for lumber is a rally for homebuilders and the broader stock market.
Stay tuned for further bull market confirmation from the commodity space.
I’ll pass since I don’t trade lumber. (I like the bullish divergence forming on the 14-day RSI, though.)
Whether you trade the futures contract or not, a rally for lumber is a rally for homebuilders and the broader stock market.
Stay tuned for further bull market confirmation from the commodity space.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.