Alright guys, another interesting week in the markets. I know there have been a lot of good things going on but there’s just a few I want to touch on this morning…
Lumber has begun another downward turn on the daily charts after this past two weeks “slight” price rebound. Check this out on tfc charts, a graphic chart of Lumber’s prices on a monthly basis; http://www.tfccharts.com/chart/LU/M for a broader view of what’s been happening.
Natural Gas has declined in recent days back into the channel we’ve been watching- could this be an opportunity to buy? Keep watching for signs of strength. And, seasonally NG has a tendency for firmer prices as we move into late summer and fall months.
Eurodollar has made a surprising recovery for the bulls rising back up to previous months high levels–All of us bears will have to be patient for now…
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