Record highs and the most extended prices in #lumber futures history tilt risks …

Record highs and the most extended prices in #lumber futures history tilt risks toward mean reversion. The adage that high prices are the cure for high prices is set to play out in lumber, which we see turning back toward its longer-term pivotal area of about $450 per 1K board f. pic.twitter.com/rcTscF53Xl

— Mike McGlone (@mikemcglone11) August 21, 2020

Source by Mike McGlone