(VIANEWS) – Lumber (LBS) is currently on bearish momentum. At 23:04 EST on Saturday, 23 October, Lumber (LBS) is at $667.10 and 1.75% down since the last session’s close.
Today’s last reported volume for Lumber is 174, 99.99% below its average volume of 32338898636.03.
About Lumber’s daily highs and lows, it’s 0.71% up from its trailing 24 hours low of $662.40 and 4.413% down from its trailing 24 hours high of $697.90.
Lumber’s last week, last month’s, and last quarter’s current volatility was a negative 3.40%, a positive 0.83%, and a positive 4.19%, respectively.
Lumber’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 3.60% (last week), 3.16% (last month), and 4.19% (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
- WTI crude oil forecast: showing signs of acceleration – 21 October 2021. According to DailyForex on Thursday, 21 October, "The West Texas Intermediate Crude Oil market fell significantly to kick off Wednesday, as traders were looking to work off some of the massive gains. "
- According to FXStreet on Thursday, 21 October, "That said, the EIA Crude Oil Stocks Change for the week ended on October 15 dropped below +1.857M forecast and +6.088M prior to -0.431M reading at the latest."
More news about Lumber (LBS).