Lumber Eyes 500 Psychological Level After Breaking 200-Week SMA

Lumber prices sliced below the 200-week Simple Moving Average (SMA), putting the psychologically imposing 500 level back in focus. A drop below 500 may open the door for more losses. Alternatively, bulls will look to defend the level if recovery hopes are to remain alive.
LBS1!lumberMoving AveragesSupport and Resistance

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