JPAZ_Holdings

TRADE ENTRY: Short term swing on Lumber.

Long
CME:LS1!   None
I am long 1 contract, roughly $41000 in exposure.

1) I am not exactly a large trader.
2) This market is volatile.
3) This market isn't liquid.

That being said. A swing back to test $400 and after some time, $450.

We are still at historically high prices for this market but on a YTD relative basis, we should find short term support.
We called the top accurately earlier this year, May 31st 2018.
See the related idea.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.