Lumber and Homebuilder ETF Continues their Uptrends

The Lumber Continuous Futures ($LUMBER) remains in a clear uptrend with a series of higher highs and higher lows since late June. This advance (roughly) corresponds with an advance in the Home Construction iShares (ITB). ITB was a little shakey in October-November, but the etf has been moving higher since late August. Rising lumber prices suggest rising demand which should bode well for housing starts.

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