Lumber (LBS=f) is currently on bearish momentum. At 11:05 EST on Tuesday, 18 May, Lumber (LBS=f) is at $1,264.00 and 4.75% down since the last session’s close.
About Lumber’s daily highs and lows, it’s 4.748% down from its trailing 24 hours low of $1,327.00 and 8.16% down from its trailing 24 hours high of $1,376.30.
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 (LBS=f)
Builders scour for cheaper lumber as futures prices tumble. According to Bloomberg Quint on Monday, 17 May, "Futures were "overvalued as scrambling began for upcoming jobs to get covered, creating an unsustainable market," said Joy Robles, who trades lumber on the cash market for Sherwood Lumber on Long Island, New York."
More news about Lumber (LBS=f).