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Lumber Limbers Up

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The lumber price has traded pretty much exactly as outlined in analysis, titled Lumber Lambasted and Lumber Looking Lousy, produced in May 2015 and September 2015 respectively. I expect price to continue to trade as outlined in those analyses but it doesn’t hurt to update the picture so let’s do just that beginning with the monthly chart. LUMBER MONTHLY CHART The Bollinger Bands show price has bounced right back up to the upper band and I expect resistance to come in here and send price right

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