LUMBER Futures – Secular View – Back Deeper into the Market Woods…

 

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