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Lumber Futures Bearish Momentum With A 19% Slide In The Last 21 Sessions

(VIANEWS) – Lumber (LBS) has been up by 19.74% for the last 21 sessions. At 07:54 EST on Friday, 24 February, Lumber (LBS) is $372.50.

Volume

Today’s last reported volume for Lumber is 251, 99.99% below its average volume of 19148417.18.

Volatility

Lumber’s last week, last month’s, and last quarter’s current intraday variation average was 3.89%, 1.04%, and 3.83%, respectively.

Lumber’s highest amplitude of average volatility was 3.89% (last week), 2.70% (last month), and 3.83% (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

  • According to FXStreet on Wednesday, 22 February, "Apart from this, bearish Crude Oil prices undermine the commodity-linked Loonie and act as a tailwind for the USD/CAD pair. "
  • 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."

More news about Lumber (LBS).

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