Lumber - is a new ATH on the cards ? LUMBER FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT) CME:LBS1! salsapete Lumber has moved up in price more than two fold from a low of 248 in April 2020 to current levels above 600. Momentum to the upside is strong ( RSI near 70 level and 30 day > 50 day) . The bias continues to the upside ( all short term daily averages aligned up) . The All Time High price looms above at 648 . I am wondering if this soft commodity can do what the precious metal has done and break the ATH . If so , a long can be justified. 1. Enter - around low $ 601 2. Target - 745 ( who knows ) 3. Stop - 530 ( 3 atr) 4. RR = 2