- Recent history of strong earning beats, expecting continuation into Q4
- Lumber futures have surged over 155% since their lows on April 1st, Lumber has since pulled back sitting at .618 fib, looking for continuation to the upside.
- DIY projects and improving housing market is providing a steady demand for wood
- Strategic timberlands in the Pacific Northwest and wood products are anticipated to be significant profit drivers
- Weekly pullback to 31 support
- 40/100 MA Cross
- P/T 34.7/39
- Lumber futures have surged over 155% since their lows on April 1st, Lumber has since pulled back sitting at .618 fib, looking for continuation to the upside.
- DIY projects and improving housing market is providing a steady demand for wood
- Strategic timberlands in the Pacific Northwest and wood products are anticipated to be significant profit drivers
- Weekly pullback to 31 support
- 40/100 MA Cross
- P/T 34.7/39