Lumber futures have a monthly RSI above 70. This is only the 5th time that this has happened in the last 34 years. Although prices can still further increase in the short term, longer term some type of consolidation is due.
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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.