What's $LUMBER Doing?

$LUMBER has been on a nice uptrend. It is at a support trendline currently. We would like to see this hold and a rally start from here.

Canadian Lumber stocks like CFP.TO have had some exciting moves both ways in the last year.

This $LUMBER chart will be important for the forestry stocks.

Another support line exists from the March 2011 to the October 2011 lows. This range is trying to hold.

If we look back into 2009, it ws a resistance line on the way up. Now it is holding as support. Can it keep it up?

Click on the charts to see a larger version.

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Regards,

Greg