Lumber is currently on bullish momentum. At 16:08 EST on Thursday, 22 April, Lumber is at $1,324.50 and 2.48% up since the last session’s close.
Concerning Lumber’s daily highs and lows, it’s 6.497% up from its trailing 24 hours low of $1,243.70 and 1.014% up from its trailing 24 hours high of $1,311.20.
Lumber’s last week, last month’s, and last quarter’s current volatility was 0.47%, 1.63%, and 4.98%, 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 2.97% (last week), 2.22% (last month), and 4.98% (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).
Last news about Lumber
Lumber prices soar, but logs are still dirt cheap. According to Bloomberg Quint on Tuesday, 20 April, "If you can source the lumber, you’re making a whole bunch of money right now," Stinson Dean, chief executive officer of Deacon Lumber Co., said in an interview on Bloomberg Television last week."
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