Updated technical analysis and commentary of lumber futures and the overall market….Where are we heading into year end?

Lumber Futures

What we know:   Since Jan lumber made its low of $483 on 10/25, the ensuing rally lasted 23 days (19 up days total) peaking out @ $553 on 11/27 for a $70 rally or a 14.5% move higher from lows to highs. Total OI on 10/25 was 8,922 and on 11/27, TOI plunged to…

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