Are Lumber Prices Going Lower ?

07 Dec in Blog, coffee futures, commodity trading, cotton futures, futures trading, lumber futures, Mike Seery, orange juice futures, seeryfutures, sugar futures

Lumber Futures---Lumber futures in the January contract finished slightly higher currently at 426.00 per board foot as I am now recommending a short position in this market which I have not talked about for quite some time, but the risk/reward are in your favor in my opinion while placing the stop loss above the 10 day high standing at 439 risking around $1,400 per contract plus slippage and commission.

Full text available to Mike's Coffee Shop Members only.

 

Register Now to get access today!

Home  | Privacy Notice | Risk Disclosure | Contact Us

Trading Futures and Options on Futures transactions involves substantial risk of loss and is not suitable for all investors. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time.

Past performance is not necessarily indicative of future results.

Trading results obtained by a client while trading a demo account may not be indicative of the results obtained
when trading a live account due to the fact that trades are not sent to a regulated exchange but they are sent
to a simulated off-exchange server.

© 2017. Seery Futures. All Rights Reserved.