LUMBER LATEST

LUMBER INTRADAY

PRE MONDAY 21. MARCH

Nov 01 @ 606

Dec 01 @ 870

Jan 01 @ 1.143

Feb 01 @ 980

Mar 01 @ 1.224

Spot and nearby Lumber contracts

LUMBER SEASONALITY

The Lumber seasonality chart compares this year to earlier years. Red signal market in a weaker seasonal period. Blue signal market in a stronger seasonal period.

In 2022, Lumber Seasonality is - 20.5%. So far, this is well underperforming the Lumber market which is + 3.7% by Friday 18. March. The ongoing seasonality period is strong and running until about May 9th.

Looking at seasonality could be very helpful to investing. It is showing you how pricees have behaved in certain timeframes n the past. Be aware of the present timing-point that could act inverse to historical price movements, and trigger / accellerate an already strong existing uptrend or downtrend. Always inhance stop loss at suitable individual levels. They are essential to outcomes. Read Disclaimer below.

LUMBER PRICE DEVELOPMENT

Daily closings through the lens of strength and weakness.

LUMBER THIS YEAR VS LAST YEAR

Lumber prices for the current year vs last year.

LUMBER THIS YEAR VS 2 YEARS AGO

LUMBER THIS YEAR VS 3 YEARS AGO

LUMBER MACD AND RSI

LUMBER PRICE CHANGES

 

The Lumber markets "easily" see a day of + 4% or - 4%. One-down day, or one up-day usually does not "walk alone".

LUMBER INDICATOR ( i )

LUMBER PRICES WEEKLY

Average weekly trading range in 2022: 160 points. 

Each bar is derived from one week of trading activity (Monday through Friday).

After week 16, there is an inside Red bar on a weekly scale. Chart readings are High 987 and Low 872. Seasonality is presently strong so let's see what the chart is doing next week.

After week 14, a 4th week of Red bars. There is a new Red weekly bar containing a lower low and a lower high. Weakness prevails for now.

After week 12, weakness prevails for Lumber prices as the weekly chart is showing a lower low and a lower high. "Only" trading above 1.230 could change the current view.

After week 11, there is a lower low and a lower high on the weekly scale indicating weakness.

After week 10, the highs are stalling and there is a lower low. 1.340 is about the high of the year and looks to be a resistance level which is stemming from middle of January. Be aware of sudden setbacks.

After week 09, there is a higher high and a higher low on a weekly scale, indicating continued strength. The week saw a 9% upswing. Activity below 1.180 could be vulnurable for lower prices to come.

After week 06, Lumber is making a higher high and a higher low, indicating higher prices to come.

LUMBER PRICES MONTHLY ( LOOONGER PERSPECTIVE )

Each bar is derived from one month of trading activity. Scroll down to the Quarterly chart after this.

After March 22, Lumber prices are trading in a sideways manner over the last month and is building a marginally higher high and higher low.

After Feb. 2022, Lumber prices are + 22% over the last month. The monthly chart is showing a Blue higher low indicating continued strength. Only prices below 900 would question the present strong up-trend. February close is 344 points or 29% above the January low in the chart above. 

After Jan. 2022, there is a higher high and a higher low on a monthly scale indicating a potential strong February in line with the seasonality pattern.

LUMBER MONTHLY PRICE CHANGES

LUMBER MONTHLY PRICE CHANGES

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2021 - Lumber prices was strong for the first 4 months. Then came down over the next 4 months for the to soar over the last 4 months of the year.

LUMBER PRICES QUARTERLY

Lumber quarterly developments. Q1 2022 ranged 456 points low to high or high to low. This may differ from the look of the formulated chart below.

This chart shows the development of Lumber prices per quarter, where each bar counts as one quarter (3 mnths) of trading activity. Q1 = Jan - Mar,  Q2 = Apr - Jun, Q3 = Jul - Sep, Q4 = Oct - Dec.

Q1 2022, Lumber prices are making a higher high and a higher low on a quarterly scale. This is indicating potentially higher prices to come.

LUMBER PRICES YEAR BY YEAR

Lumber yearly chart of Lumber prices, every year since 1970.

In 2021, Lumber prices ranged as much as 1.280 points (up from 600 points in 2020) from low to high or high to low. The chart above is created as an Heikin Ashi chart, thereby given different outcomes of highs and lows than a normal bar chart because of its formula.

The strongest message from this chart is the importantance of a bar's higher high and higher low (lower low and lower high) indicating further development.

LUMBER AT INSTAGRAM

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