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Lumber Futures Bearish By 14% In The Last 21 Sessions

ViaNews Editorial Team

February 23, 2023

Lumber Futures Bearish By 14% In The Last 21 Sessions
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(VIANEWS) - Lumber (LBS) has been up by 14.51% for the last 21 sessions. At 04:53 EST on Thursday, 23 February, Lumber (LBS) is $392.30.

Volume

Today's last reported volume for Lumber is 325, 99.99% below its average volume of 19363565.9.

Volatility

Lumber's last week, last month's, and last quarter's current intraday variation average was a negative 2.48%, a positive 2.03%, and a positive 3.75%, respectively.

Lumber's highest amplitude of average volatility was 2.90% (last week), 3.32% (last month), and 3.75% (last quarter), respectively.

Commodity Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Lumber's commodity is considered to be oversold (<=20).

News about

  • According to FXStreet on Wednesday, 22 February, "Adding to this, bearish Crude Oil prices - amid worries that rapidly rising borrowing costs will dampen economic growth and dent fuel demand - further weighs on the commodity-linked Loonie."
  • According to FXStreet on Tuesday, 21 February, "Against the backdrop of weaker Crude Oil prices, softer Canadian consumer inflation figures weigh on the commodity-linked Loonie and provide a modest lift to the USD/CAD pair."

More news about Lumber (LBS).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.