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TRADE ENTRY: Short term swing on Lumber.
I am long 1 contract, roughly $41000 in exposure.
1) I am not exactly a large trader.
2) This market is volatile.
3) This market isn't liquid.
That being said. A swing back to test $400 and after some time, $450.
We are still at historically high prices for this market but on a YTD relative basis, we should find short term support.
We called the top accurately earlier this year, May 31st 2018.
See the related idea.
1) I am not exactly a large trader.
2) This market is volatile.
3) This market isn't liquid.
That being said. A swing back to test $400 and after some time, $450.
We are still at historically high prices for this market but on a YTD relative basis, we should find short term support.
We called the top accurately earlier this year, May 31st 2018.
See the related idea.
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