The Lumber Dashboards

Here is a brief Commodities dashboard.

While we all study Oil and Gas, $WTIC has a nice upslope. I am also interested in the coiling on the board lumber chart. We currently have four higher lows , and two lower tops. It is also still above the 10 week MA. That coiling is interesting. Here are the lumber stocks.

Some of them have been much better than the volatile market. Notice how quiet the price action has been for the last 4 or 5 months.

They have me interested. We'll see if $LUMBER ends up being a surprise in 2012.

 

Good Trading,

 

Greg Schnell, CMT