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WOOD - WOOD: Lumber May Have Reached Rock Bottom - This Is The Lumber ETF To Buy
September, 13 2021 06:16 AM
iShares S&P Global Timber & Forestry Index Fund
Feast and famine in the lumber futures market. A record high in May - A decline to one-third the level by August, still near pre-2017 record territory. I never trade lumber, but I watch the industrial commodity futures like a hawk. Lumber futures are a benchmark and barometer - a significant low - a bullish relay race in commodities. The WOOD ETF follows the lumber price but is far less volatile and far more liquid. For further details see:
WOOD: Lumber May Have Reached Rock Bottom - This Is The Lumber ETF To Buy
Stock Information
Company Name:
iShares S&P Global Timber & Forestry Index Fund
Stock Symbol:
WOOD
Market:
NASDAQ
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