The chart is the last 30 day activity of July Lumber Futures which becomes the spot month on Friday the 13 th ! Don’t fret because of any superstition or potential Karma points but you might want to pin the date on your calendar as July becomes the most popular trading contract.
This is where the Bulls and Bears congregate and evaluate what to do next. While some see the market as busy and challenging, others are celebrating graduations and taking family.
Today, i do not identify as Bull or a Bear based on marketplace information. The current Commodity Lumber conditions indicate a more Hunter/Gatherer approach over the next few months as pricing seems to be consolidating around the $1000/mill level.
Who knows where the price will settle but there should be plenty of Win-Win opportunities for all of us.
Happy Monday and Have an Awesome Day!!