Lumber Falls to Lowest Level in Seven Months, a Negative for Stocks

April 14, 2014

By Knowledge Leaders Team in Uncategorized

Lumber was the weakest of the major commodities today as it dropped 1.8% to a seven month low and decisively below pretty good support at around $330. Lumber is now trading about 14% off its December peak, which is slightly worrying. We’ve highlighted here, here, and here the recent weakness in lumber and what it could mean for stocks if previous trends hold.

Tags > lumber

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