I’ve added a few price targets to the /LB (lumber futures) swing trade idea that was highlighted in Monday’s video. Lumber has gained about 10% from where was highlighted so far with the first target zone on the updated 60-minute chart below running from 445 – 451.50. For any positions taken on Monday, at this time a very tight stop could be set somewhat below the minor uptrend line off the recent lows with a slightly wider (and preferred) stop somewhat below the 413 support.
LB 60m Dec 8th