lumber

My latest bearish signal for lumber was  on 9 April 2016.This week I got a new bearish signal for this commodity based on the total number of new short contracts opened (219) vs net number of old long contracts closed(170) for the last 2 weeks.Moreover, for the last 3 weeks I got a PCC of -0.66 which shows a strong enough negative correlation between short OI vs long OI.Bearish sentiment  is stronger than bullish sentiment for lumber and this is not good news for the real estate sector either.Take a quick glimpse at my strategy on my free websites:http://futuresandoptions.wix.com/cotswingcharts and

http://cotreportfreeswingcharts.my-free.website/