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Lumber Futures Bearish Momentum With A 19% Slide In The Last 21 Sessions

ViaNews Editorial Team

February 24, 2023

Lumber Futures Bearish Momentum With A 19% Slide In The Last 21 Sessions
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(VIANEWS) - Lumber (LBS) has been up by 19.74% for the last 21 sessions. At 07:54 EST on Friday, 24 February, Lumber (LBS) is $372.50.

Volume

Today's last reported volume for Lumber is 251, 99.99% below its average volume of 19148417.18.

Volatility

Lumber's last week, last month's, and last quarter's current intraday variation average was 3.89%, 1.04%, and 3.83%, respectively.

Lumber's highest amplitude of average volatility was 3.89% (last week), 2.70% (last month), and 3.83% (last quarter), respectively.

Commodity Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Lumber's commodity is considered to be overbought (>=80).

News about

  • According to FXStreet on Wednesday, 22 February, "Apart from this, bearish Crude Oil prices undermine the commodity-linked Loonie and act as a tailwind for the USD/CAD pair. "
  • According to FXStreet on Wednesday, 22 February, "Adding to this, bearish Crude Oil prices - amid worries that rapidly rising borrowing costs will dampen economic growth and dent fuel demand - further weighs on the commodity-linked Loonie."

More news about Lumber (LBS).

ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.