LUMBER Futures LongGood trending market but it has a negative roll of -3.5% per a month on futures.
Not a trade i will take at this time.
Lumber Market Yawns on Hurricane NewsMassive Hurricane wipes out billions of dollars of property and the lumber market just sits. What am I missing other than the flood of buyers you would think that would plunge in, so this could be an indicator of further slowing of building.
Lumber crash suggesting housing starting to roll over⤵️Lumber crash suggesting housing starting to roll over⤵️
Existing home sales falling⤵️
US 30 Year fixed mortgage rates going back making house loans expensive ⤴️
Lumber Thesis for 2024I feel like lumber could pull back or go sideways here as we keep failing to break out. If it goes as described we will see a breakout this summer. Speculative at best, not financial advice, DYOR.
Lumber Gap Fill @ $469, easy 4% ?
I have been watching lumber for sometime, I have been expecting this gap to fill. What happens from there I do not know. A possible accumulation range could form. There might be some scalp money here for someone short term. Not financial advice. DYOR.
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
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Displays a symbol's price movements over previous years to identify recurring trends.
A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Frequently Asked Questions
The nearest expiration date for Lumber Futures (Mar 2024) is Mar 15, 2024.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell Lumber Futures (Mar 2024) before Mar 15, 2024.