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Thomaswestw

Lumber Prices Approach Critical Moving Average

Thomaswestw  
CME:LBS1!   None
Trend Lines Moving Averages
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trendline movingaverage
After last week's sharp selloff, lumber prices have approached the high-profile 200-week Simple Moving Average (SMA). Breaking below the critical moving average would likely sap any remaining hope from bulls and solidify the recent bear trend.
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