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Tuesday, August 25, 2020 7:15:45 AM
Record highs and the most extended prices in #lumber futures history tilt risks toward mean reversion
By: Mike McGlone | August 21, 2020
• Record highs and the most extended prices in #lumber futures history tilt risks toward mean reversion. The adage that high prices are the cure for high prices is set to play out in lumber, which we see turning back toward its longer-term pivotal area of about $450 per 1K board f.
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DiscoverGold
By: Mike McGlone | August 21, 2020
• Record highs and the most extended prices in #lumber futures history tilt risks toward mean reversion. The adage that high prices are the cure for high prices is set to play out in lumber, which we see turning back toward its longer-term pivotal area of about $450 per 1K board f.
Read Full Story »»»
DiscoverGold
Information posted to this board is not meant to suggest any specific action, but to point out the technical signs that can help our readers make their own specific decisions. Caveat emptor!
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