1D: Warped Market Extends Lumber Losses...
Updated
As above.
Inch by inch we are seeing lumber prices tank.
We have sawed off nearly 50% from the ATH of $1400.
Broke through the $770 target trend line and looks headed for next support at $650 to $670 range at the 0.786 Fib retracement level.
Inch by inch we are seeing lumber prices tank.
We have sawed off nearly 50% from the ATH of $1400.
Broke through the $770 target trend line and looks headed for next support at $650 to $670 range at the 0.786 Fib retracement level.
Note
Timber! 0.786 Fib target REACHEDNote
WOW. Dumping lumber continues....Are we going to see 100% retracement to Mid $450 level from August 2021?? Likely if $500 support is breached.
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