LUMBER LATEST

LUMBER INTRADAY

MONDAY 30. MAY

 

Month Start
Jan 1.143
Feb 980
Mar 1.224
Apr 965
May 915
June 609
July 670
Aug 534

 

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.

 

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 as of after week 34: 121 points. 

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

After week 34, Lumber is little changed since June. Let's see if markets lift like last year, confirmed from a a weekly higher low and higher high. 

After week 24, Lumberprices are continuing lower represented by the lower highs and lower lows. Trading above 643 could pause or reverse the current downtrend.

After week 21, the Lumber market is still in the wild Red zone. Another lower low with a lower high on a weekly scale indicating continued weakness. Only trading found back above 785 could potentially reverse the current downtrend. 

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 )

Monthly tradingranges for Lumber prices:

JAN FEB MAR APR MAY JUN JUL AUG        
375 432 412 164 303 128 226  171        

 

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

 

After Aug., there is a lower low and a lower high in the monthly chart signalling continued weakness for the longer term.

After July, there is an inside Red bar, signalling a halt to lower monthly prices. Getting above 752 could be the start  of a potential wider consolidation of prices or a renewed uptrend.

After June, prices are making a lower low with a lower high indicating continued weakness. Only trading back above 900 could trigger to reverse the current downtrend on the  monthly scale.

After May,  Lumber prices are significantly lower ( - 29% ) over the last month. The chart is showing a much lower low and lower high on the monthly scale. The trend is weak, but after such a large drop markets should not rule out a shorter term bounce and an upcoming inside bar.

After April , the lower low with its lower high is indicating weakness on a monthly scale.

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

After February, 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 January, 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. Q2 2022 ranged 476 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.

Q2 2022, prices are as much as - 33% for the quarter. There is a Red bar containing a lower low and lower high on a quarterly scale. According to the pattern, this is weak until back above 1.000.

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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