Cotton is forming a bull flag following last week’s breakout. Coffee futures are coiling below a critical polarity zone. Cattle and hogs are running wild. Even Dr.Copper is perking up, posting positive returns over the trailing five days.
And don’t forget about cocoa futures as they continue to print fresh all-time highs.
With all this action heating up, let’s turn our attention to one of 2021’s most explosive markets…
Lumber.
Remember all the lumber memes on Twitter?
Dudes were posting their W’s sitting atop stacks of 2x4s and plywood. I’ll never forget it.
As a trader, I prefer to avoid lumber futures. It’s a thin market. But I can’t ignore the yearlong base forming on the daily chart:
Who is this tiny person? And who will they aspire to be?
These are impossible questions to answer.
As you can imagine, the wifey and I were stumped upon meeting our baby girl earlier this week.
Every time I looked into her eyes, I could hear her plead, “Give me a name, boy!” A situation ten-year-old Ian never fathomed – even while watching The NeverEnding Story.
After a few days of deliberation, hours of snuggles, and the casual piercing gaze, I could only discern one thing: she smelled good.
So I offered up “Coco.”
It was on our shortlist. Plus, will we ever forget this year’s epic rally in cocoa futures? I certainly won’t.
Well, we ultimately landed on Cora, which suits her in some indescribable way.
But if I hadn’t cut technology this week so I could focus on my girls, I might have thrown "Cotton" into the ring.
