Lumber - Unprecedented Historical Move

8 בינו׳ 2021

LUMBER - Pushing back towards all time highs, however the 12Month ROC is still extremely elevated, in the 99th percentile of all time, likely a bit extended and the supply/demand dynamics should start stabilizing as (knock on wood) these second wave of lockdowns ease up

11 במאי 2021

הערה

s3.tradingview.com/snapshots/b/bdVGT4FK.png

Lumber continues to surge, hitting a new recored 6m ROC. It is also right around the 1.618 extension of the all-time low to the '93 high (the only other period with a price spike of similar magnitude).