Discussion in 'Commodity Futures' started by Shagi, Apr 7, 2010.
The next big rubbery trend about to unwind & we are long today. Stay tuned
very nice break out seems like.
Today is a breakout day - lets see if momentum will be sustained. Lots of folks telling me fundamentals don't support strong lumber prices because of poor house/construction starts. mmmm.
Well I follow trend navigator irrespective of fundamental situation - Enjoy
We have rolled over our position to LBS -N
Today is confirmation day.
AND WE ARE OFF TO THE MOON
Builders broke ground on more U.S. homes in March than anticipated and took out permits at the fastest pace in more than a year, a sign of growing confidence that sales will stabilize.
Housing starts climbed to an annual rate of 626,000 last month, up 1.6 percent from Februaryâs revised 616,000 pace that was higher than initially estimated, Commerce Department figures showed today in Washington. Building permits, a sign of future construction, climbed to the highest level since October 2008.
great call shagi
Its a straight line equation
two thumbs up!
wanted to take your call, but was too busy with some EUR/JPY and GBP/JPY.
the rubbery trend has come to a slippery end and we have long since slithered away - there are other more pretty young things to chase in em soybeans house. good luck
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