Lumber Futures Bearish Momentum With A 15% Drop In The Last 21 Sessions

(VIANEWS) – Lumber (LBS) has been up by 15.87% for the last 21 sessions. At 02:50 EST on Tuesday, 14 March, Lumber (LBS) is $353.00.


Today’s last reported volume for Lumber is 158, 99.99% below its average volume of 19077757.65.


Lumber’s last week, last month’s, and last quarter’s current intraday variation average was a negative 0.12%, a positive 2.86%, and a positive 4.12%, respectively.

Lumber’s highest amplitude of average volatility was 1.13% (last week), 3.74% (last month), and 4.12% (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 overbought (>=80).

News about

  • Crude oil forecast: crude oil continues to trade in a range – 13 March 2023. According to DailyForex on Monday, 13 March, "However, as soon as the market breaks out of the trading range for either WTI Crude Oil or Brent, we could see a significant $10 move rather quickly.", "Like the WTI Crude Oil market, Brent is also facing the same problems of uncertainty around demand. "
  • According to FXStreet on Monday, 13 March, "Although a five-week-old support line restricts immediate WTI crude oil downside near $75.00, a daily closing beyond the 50-DMA hurdle surrounding $77.75 becomes necessary for the Crude Oil price to keep the buyers in the driver’s seat."

More news about Lumber (LBS).

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