Interfor Corporation IFP - Canada (IFP) Interfor Corporation is a Canada-based forest products company. The Company and its subsidiaries produce wood products in British Columbia, the United States Northwest and the United States South for sale to markets around the world. At the time of writing this on, 19/3/2022, the share price at $42 is just a whisker...
UFP Industries, which makes lumber and other building products has 216 locations in eight countries making wood and wood-alternative products for retail, construction and industrial customers. After making an ATH at $94 in January, has formed a good cup & handle pattern with a pivot buy above $88.10. The handle shows a good volatility contraction as it has low...
The talk of the street, since the war broke out between Russia and Ukraine, has been how aggressively commodities have been rising. Of course this rise hasn't started this month or the previous but is the outcome of inflation running high on historic levels since the March 2020 COVID crash, when global central banks (more importantly the Fed and the ECB) engaged...
Whenever I open up a chart of any asset I like to look at the big picture first pulling up the oldest chart I can find. With Lumber chart I could instantly recognise a pattern called diagonal. I labelled it a Supercyclic wave as it has taken nearly 48 years to complete. After the competition of this pattern usually you can expect a bear market as a correction....
MYX:PLANTATION Uptrend if next trading day Breakout again than nice.....
Gap up but still not taking out the potential wave B so we will see what is in store.
Bullish engulfing candle but we will see how things hold with the $SPX looking like a gap down. It could just a 1-2 of wave C.
Nice downside follow-through off that Bearish Engulfing candle we mentioned yesterday. .618 is the next harmonic target.
Bearish engulfing candle so far, so we will see if that was all for wave B.
Wave A may be complete on #Lumber for #RealEstate so we will see how this bounce for wave B moves.
Looks like the harmonic is finished for Lumber and can count 5 waves up, so we will track the fib targets.
Hey lumber has been taking a nice dump for the last few weeks, waiting for some momentum.
The lumber price was nothing short of wild in 2021. After rising to a new all-time high at $1711.20 in May, the price plunged, reaching a bottom at $488 per 1,000 board feet in August. Lumber fell to under one-third the price at the high in three months. Rates are heading higher Lumber has been rallying A spring scramble for new homes Infrastructure...
Home Depot , iterated to go long in the 330's. Now in the 400's. This one has been on a tear! Looks to be targeting 420 or so based off the fibs.
Some interesting factors are currently affecting commodity prices. Supply chain bottlenecks, unpredictable demand from economies reopening, geo-political tensions, climate change policies are just a few examples. I find it helpful to review the state of the commodities market periodically. In this article, we will examine Lumber, Cash Crops, and Iron Ore. ...
In my "Copper could go to $8, $20 even" idea published on March 13th I explained I was looking to buy copper, and expected it to go up over more than a year. I wanted to see the price consolidate over a longer time than what it did and ideally closer to all time high. It is still possible that it will, just like gold did, after going up significantly above ATH,...
just saying inverse head and shoulders BOOM! BOOM BOOM
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