Lumber Futures Bearish By 14% In The Last 21 Sessions

(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).

Leave a Reply

Your email address will not be published. Required fields are marked *