‘Lumber’ Archive

Knock on wood? Breakout in Lumber!

09/10/2010, filed under Lumber; 7 Comments.

Lumber peaked in mid-April, then fell over 40% in 60 days.  Some say that was due to the ending of the first time buyers home program.  No matter what the reason, on a price basis, lumber is breaking from a bullish ascending triangle. For those open to trading futures on Lumber…Nice breakout is at hand.  Would [...]