Jump to content
House Price Crash Forum
Sign in to follow this  
dom

Buy Lumber.

Recommended Posts

Lumber has fallen close to long term resistance in line with seasonal trends and has rallied from October into early spring for past ten years. Last week commercial long contracts hit what appears to be a record high in spite of the bearish outlook on the US housing market. Extremes of commercial trader activity seem to be pretty accurate at predicting this market. Large traders are net short and small specs are also very bearish.

I recently read Larry Williams' COT report book. Larry likes to use the news letter opinions and small spec positions as contrary indicators. Applying his methodology to the current set-up, in light of the comm longs, lumber looks like a buy.

Discus.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 355 The Prime Minister stated that there were three Brexit options available to the UK:

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.