Long entry at 249.50 in the July Lumber futures 13/5, offsetting previous short position for 25.9$ of profit/contract = 2,849/contract. Risk sits below the pivot low price at 225. Its starting to feel like commodities are catching a bid, with Oil creeping higher, same for Nat Gas, Grain complex has been the weak link, but it feels as though it may be wanting push higher as well. the Meat complex has been strong, with a huge move in the Lean Hogs futures. Soft commodities have been lead in strength by Cocoa, Cotton is looking supportive here, as is Coffee….and now Lumber? With the Equities well bid, it looks reflationary across the board.
Futures Trading 