Lumber Main Risk Off Motive
US & Global Slowdown or Recession
special on
US Housing Sector
LUMBER Futures SECULAR SITUATION
ATA MARKET MODEL IN LONG TERM ACTION
First…Market Motives :
US & Global Slowdown or Recession
special on
US Housing Sector
Second…Market Technical Patterns :
Monthly View
first of all
MEGA BIGS :
HORIZONTAL CHANNEL
Resistance Zone
490 – 500 USD
vs
Support Zones
First 138 – 150 USD
Second 110 – 115 USD
with
INVERT ENDING DIAGONAL
Rising Trendline Support 280 USD
&
Last Main Low 299.90 ( 10.2018 )
with
Psychological Key Level 300 USD
Now Dominating Downtrend
after
Top – Monthly Shooting Star
with
Large Upper Shadow
Max 659 USD ( 5.2018 )
All Time under Key MA
with
MACD Monthly Sell Signal
vs
Supporting by FIB RET
ATA Investment Conclusion
Special Focus on
Invert Ending Diagonal Present Active Pattern
Last Main Low 299.90 ( 10.2018 )
with
Psychological Key Level 300 USD
Rising Trendline 280 USD
&
FIB RET
remember
Chart is More Important than 1000 Words…
&
Most Important s Final Smart money Reaction…
EOM – April
Lumber Futures Monthly Charts
18.04.2019
