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Friday, 05 February 2016 11:47

Wood morning! Bearish set up on lumber futures

After a pullback to test the descending 60 days ema, we might expect a decrease of March 2016 Random Lenght Lumber Futures in the short term.

Volume Spread Analysis

Yesterday ended with a spinning top doji with low volumes and the day before with a pseudo upthrust (shooting star candle), which, according to the Volume Spead Analysis, represents a possible reversal setup.

lumber futures shooting star upthrust volume spread analysis trading for purpose


Observing the seasonality chart, we note that expectations are soon bearish.

lumber futures seasonality bearish trading for purpose

Warning: this is a contract with very limited volumes and is therefore subject to remarkable manipulation.
Therefore remember: this is not a trade solicitation and, if you decide to trade, you do it at your own responsibility.

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