I’ve purchased a few lumber contracts through my futures broker over the past week or so in the $215 level. Lumber has been oversold in the short term and has reached a major resistance at these levels. The economy cannot begin to move forward until the housing market officially rebounds. Lumber prices will lead the charge in the rebound. This is a short term play on a solid rebound in lumber prices over the coming weeks.
Speculation should only be done with a small percentage of your portfolio