Pressure Points On Crude Oil (/CL) And The Rise In Lumber (/LBS) And Grains

Unrest in the Mid East normally puts pressure on crude oil, but that is not happening, says Anne-Marie Baiynd of Thetradingbook.com. She adds that healthy retracement is good for the market, but we haven't seen any. She and Ben Lichtenstein discuss the rise in copper (/HG) and lumber (/LBS). She points out that builders are having a hard time finding lumber but thinks there will be a pullback as traders take profits. Lastly, they discuss corn (/ZC) and soybeans (/ZS).

Futures

19 May 2021

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Pressure Points On Crude Oil (/CL) And The Rise In Lumber (/LBS) And Grains

Unrest in the Mid East normally puts pressure on crude oil, but that is not happening, says Anne-Marie Baiynd of Thetradingbook.com. She adds that healthy retracement is good for the market, but we haven't seen any. She and Ben Lichtenstein discuss the rise in copper (/HG) and lumber (/LBS). She points out that builders are having a hard time finding lumber but thinks there will be a pullback as traders take profits. Lastly, they discuss corn (/ZC) and soybeans (/ZS).

Futures

19 May 2021