Commodity Lumber has lost a massive 34,841 points in the last 6 months.
Commodity Lumber had printed the lowest low in January 2009. That low value which Commodity Lumber printed in January 2009 was 13,790.
Commodity Lumber had printed the highest high in May 2018. That high value which Commodity Lumber printed in May 2018 was 64,702. It took 9 years and 4 months, from January 2009 to May 2018 for Commodity Lumber to rise 50,912 points.
After rising 50,912 points in 9 years, Commodity Lumber has lost a massive 34,841 points in the last 6 months as shown below. Let us do the technical analysis of Commodity Lumber as of now.
The Fibonacci for Commodity Lumber is drawn from the swing low of September 2015 to the swing high May 2018. The drawn Fibonacci for Commodity Lumber has generated a support point at 78.60% level at 30,775. The most important point to watch from here for Commodity Lumber is to see whether its value is further depreciating to the next level of Fibonacci which is 88.60% at 26,458 or Commodity Lumber is getting a support at 78.60% Fibonacci level at 30,775.
Now at the time of writing this post, Commodity Lumber is at 32,687.
All these levels are the result of Our Power of Scientific Method of Market Analysis. Through this Scientific Method of Market Analysis for Commodity Lumber Market, we identify the Demand or Supply zone much before.
Now learn how to trade Commodity Lumber Market as a commodity with us to explore the possibility of earning passive income keeping your day job. Commodity Lumber Market can be traded through Our Power of Scientific Method of Market Analysis as a derivative.
Our Proprietary Commodity Trading Strategy will guide you through Our Power of Scientific Method of Market Analysis every step of your trading in a commodity like Lumber and explore the possibility of earning extra income. Learn what all other Commodities we are Trading in our Commodity Trading Asset Class. Develop yourself as a professional trader capable of capturing extra income in the future with us. Trade Commodity Lumber as a contract for difference through Our Power of Scientific Method of Market Analysis.
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