Lumber (LBS=f) is currently on bearish momentum. At 17:04 EST on Saturday, 15 May, Lumber (LBS=f) is at $1,560.00 and 4.29% down since the last session’s close.
Regarding Lumber’s daily highs and lows, it’s 1.299% up from its trailing 24 hours low of $1,540.00 and 0.383% down from its trailing 24 hours high of $1,566.00.
Lumber’s last week, last month’s, and last quarter’s current volatility was a negative 0.88%, a positive 0.71%, and a positive 5.01%, 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 2.40% (last week), 2.63% (last month), and 5.01% (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 oversold (<=20).
Last news about Lumber (LBS=f)
Lumber prices hover below record in wild trading as demand roars. According to Bloomberg Quint on Thursday, 13 May, "Limited "on ground" lumber supplies, combined with the unusual circumstances created by the pandemic, make it difficult to forecast price movements, said Joy Robles, who trades lumber on the cash market for Sherwood Lumber on Long Island, New York."
More news about Lumber (LBS=f).