Long
Lumber Futures Showing A Possible 50% Run
I think we have entered an accumulation zone for lumber contracts. Many actual mills have shut production down in Canada as prices are too cheap to be producing. I am neutral but watching this close. Side note- Russia actually produces 22% of the worlds lumber supply, this could get crazy. Not financial advice.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.