Lumber is at a critical inflection point.
Its likely telling us that Central bank policy is about to experience more inflation if they start to ease to soon.
If Lumber continues to rally, its screaming more housing inflation could be around the corner.
Since we have a major Technical Topping formation in play, Lumber is still vulnerable to more downside which could also mean the housing market has much softer prices ahead.
If lumber is to show nay chance of negating this bearish pattern it needs to close above the yellow trendline for 2 consecutive weeks.
Its likely telling us that Central bank policy is about to experience more inflation if they start to ease to soon.
If Lumber continues to rally, its screaming more housing inflation could be around the corner.
Since we have a major Technical Topping formation in play, Lumber is still vulnerable to more downside which could also mean the housing market has much softer prices ahead.
If lumber is to show nay chance of negating this bearish pattern it needs to close above the yellow trendline for 2 consecutive weeks.