LUMBER Charts and Quotes — TradingView

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Ideas

Lumber putting in a bottom ? Asc Tri breakout in a channel Bullish case, 30% move up to back to prior KLOR most likely keeps running for years from here. Upside breakout of Asc Tri They made it hard to trade this one, so as time runs more likely to work with buying pressure Non advisory bread and butter trade.

by William_Playfair

Lumber: Buy the dip...Good reward to risk to go long here with a stop at yesterday's open. Exit at the targets on chart or in 4 days. Best of luck! Cheers, Ivan Labrie.

Will Lumber Futures Shore Up the Stock Market Rally?Traders: Track a September contract breakout above 494.5. A decisive close above that level sets a rough target of 600 (shelf of former highs from last year). I’ll pass since I don’t trade lumber. (I like the bullish divergence forming on the 14-day RSI, though.) Whether you trade the futures cont

1D Lumber looking like a breakout As above. Falling wedge breakout with good volume. Bullish divergence on the MACD as well on 1D chart. Target very possible mid $700 if up trend continues. Will follow. Good Luck traders.

Is lumber Spiking?This Lumber Weekly chart clearly shows the unique parallell range that confirmed a breakdown. Now to determine what likely happens next we wait to see if we get a close above or below the weekly key channel Resistance line. If rates remain soft we will likely get a continuation move to the upside

by Trading-Capital

Lumber retracement and rejection :Lumber up to and selling off the 76 fib. Currently bear market continuation 101. Usually see these breaks head to a 220 extension of the rally if they come. Downside target of 240 in lumber.

1D: Warped Market Extends Lumber Losses...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.

Lumber and Cotton profit taking on the short positions Just looking at the future prices of cotton on the barchart page December 20% lower than july futures Why is everyone trading chart patterns? Simply looking into the backwardation curve gives you a good clue to buy or sell. Will keep you updated before another move DOWN in the commodities

by responsibletrad8r

Lumber 1D: Worst case scenario..continued leg down As above. MACD has room for more down turn with possible completion of wave 5. Will follow.

1D: Can't keep my wood up lately....Like down to 780-790 range as it split through support at 900. If it breaks the 780 support then down the worm hole it goes.

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Seasonals

Displays a symbol's price movements over previous years to identify recurring trends.