(VIANEWS) - Lumber (LBS) is currently on a bearish impulse. At 17:52 EST on Wednesday, June 1, Lumber (LBS) is at $ 616.30 and down 5.75% from the close of the last session.
The last volume reported today for timber is 420, with 99.99% below its average volume of 30865933.23.
In terms of daily highs and lows, Lumber is down 5.155% from its lowest 24-hour low of $ 649.80 and down 11.856% from its lowest 24-hour low. $ 699.20.
The average current variation of timber last week, last month and last quarter was positive of 3.48%, negative of 12.23% and, respectively, positive of 9.81%.
The highest amplitude of the average volatility of wood was 3.48% (last week), 13.14% (last month) and 9.81% (last quarter), respectively.
Classification of commodity prices
According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Lumber is considered to be oversold (<= 20).
Crude oil news
- WTI Crude Oil Forecast: June 2022 - May 30, 2022. According to the DailyForex Monday, May 30, “The West Texas Intermediate crude oil market has been very turbulent for the past two months and we are likely to continue to see a lot of indecision in general.”
- WTI Crude Oil Forecast: A Threatening Move - May 30, 2022. According to DailyForex on Monday, May 30, “The West Texas Intermediate Crude Oil Market initially withdrew only slightly on Friday, but returned to show signs of life.”
More news about Lumber (LBS).