Comments on: Stock Market, Lumber, Crude, & Copper Analysis 3-3-21

By: LanLord

LanLord — Thu, 04 Mar 2021 14:58:36 +0000

Can you update on the other commodities? Cattle, Cocoa, Coffee, etc?

By: Fgilani

Fgilani — Thu, 04 Mar 2021 12:47:20 +0000

Copper futures /HG plunging last night

By: becky

becky — Thu, 04 Mar 2021 08:23:35 +0000

In reply to htpradeep. That's a good one. As the name suggests, they liquidate lumber. :-)

By: toddabauer

toddabauer — Thu, 04 Mar 2021 04:03:39 +0000

In reply to htpradeep. Retailer that sells flooring. Not lumber.

By: htpradeep

htpradeep — Thu, 04 Mar 2021 03:03:01 +0000

In reply to becky. how about LL Lumber Liquidators?

By: timboz

timboz — Wed, 03 Mar 2021 23:59:59 +0000

looking at CL futures … it appears crude is forming the same head and shoulders that you point out in copper with another perfect price target alignment at that 54$ breakout level

By: Araleia

Araleia — Wed, 03 Mar 2021 22:34:00 +0000

In reply to Dazi.

Cotton – BAL, Silver – SLV, most likely

By: Araleia

Araleia — Wed, 03 Mar 2021 22:25:28 +0000

In reply to Dazi. If this is the start of a bear market and the downward momentum gains, everything will pretty much correlate and collapse together like the crash last year. When people have to sell everything to cover their overextended margin, pretty much all commodities will drop. Plenty of choices to short at that time.

By: becky

becky — Wed, 03 Mar 2021 20:23:29 +0000

In reply to Dazi. I think Randy spoke about this many times. There is really no other way to trade lumber but via futures, or indirectly via WOOD or CUT. I did some research long ago and today again and I can't find any ETNs. I trade some ETNs by WisdomTree & they have all kinds of commodities, but not lumber.

By: Dazi

Dazi — Wed, 03 Mar 2021 19:11:35 +0000

In reply to becky.

So…anything besides WOOD and futures to catch the drop?
And thanks for that specific clarification.