5.26.22 Lumber Oil Trades Part 1.............................................................................................................................................................................
11.6.21 Lumber AG : Bobby's Homework Assignment >>> should be a good long trade. Talked about changes is the chart pattern ( sometimes occurring early ) that tells you there is a going to be a significant change and that you must consider changing your plan.
Chicago lumber futures were trading around $950 per thousand board in March, buoyed by robust real estate markets and expectations of a swifter economic rebound fueled by massive government spending and vaccine rollouts. Covid is also causing lumber shortage and shipping problems. LL has a nice bull flag on the weekly, look for break above $26.5.