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 the PNW USA that the market for lumber and housing is indeed more bullish than you would think. Not financial advice, DYOR.
I have also confirmed with a local lumber supplier here in the PNW USA that the market for lumber and housing is indeed more bullish than you would think. Not financial advice, DYOR.
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.