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Joined Apr 1, 2010
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Invisible Lumber Wreaking Havoc

Updating an ongoing series of posts on lumber and the housing complex, we are seeing more rejection away from what is now a clear area of resistance dating back to late last year, for Random Length Lumber futures. Homebuilders are bear-flagging all over the place. If the bears cannot capitalize on this setup, you have to be willing to change your bias in a New York minute.

(Chart via CME)



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