Alış
Picking the brains of Michael Gayed
Read his prediction here
I listened to one of his video recently and he mentioned about the co-relation between Lumber and the stock market. He said that Lumber price action is a good indicator of consumer wealth direction as that is what most average Joe will spend on the most - their home.
Currently, this commodity is facing some resistance at 71.4. I expect it to be broken up within the next few weeks and the price to continue charge higher. I will wait for the breakout, establish bullish signals before getting in.
I listened to one of his video recently and he mentioned about the co-relation between Lumber and the stock market. He said that Lumber price action is a good indicator of consumer wealth direction as that is what most average Joe will spend on the most - their home.
Currently, this commodity is facing some resistance at 71.4. I expect it to be broken up within the next few weeks and the price to continue charge higher. I will wait for the breakout, establish bullish signals before getting in.
Not
Thank you MichaelNot
I will be taking profits as there is a H&S pattern identified in the chart.Not
expecting a correction as it hits the 468 level
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.