dchua1969

Picking the brains of Michael Gayed

Длинная
dchua1969 Обновлено   
CME:LBS1!   None
Read his prediction here

I listened to one of his video recently and he mentioned about the co-relation between Lumber and the stock market. He said that Lumber price action is a good indicator of consumer wealth direction as that is what most average Joe will spend on the most - their home.

Currently, this commodity is facing some resistance at 71.4. I expect it to be broken up within the next few weeks and the price to continue charge higher. I will wait for the breakout, establish bullish signals before getting in.

Комментарий:
Thank you Michael
Комментарий:
I will be taking profits as there is a H&S pattern identified in the chart.
Комментарий:
expecting a correction as it hits the 468 level
Отказ от ответственности

Все виды контента, которые вы можете увидеть на TradingView, не являются финансовыми, инвестиционными, торговыми или любыми другими рекомендациями. Мы не предоставляем советы по покупке и продаже активов. Подробнее — в Условиях использования TradingView.