Consolidation Ahead For Lumber?

Consolidation ahead for Lumber? Bears have been in control of the Lumber futures market since the start of May, as traders fear the tightening campaign by the Federal Reserve will continue to cool down the U.S. housing market. Since May 1st, July Lumber has fallen over $60 per 1000 board feet, as housing starts continue to fall. The torrid selling has slowed down the last few trading sessions, leading some traders to believe a short-term bottom may be in place. Read More....