1D: IOTXUSD vs LUMBER...GOT WOOD?
As above.
Interesting inverse correlation of LUMBER prices with IOTXUSD ....
When LUMBER prices drop to local low/bottom, IOTX seems to spike higher shortly after that.
Maximum bull run on IOTX happens soon after the crossover as LUMBER price action is on a major downswing and IOTX price action is on the up swing. Looks like this scenario might be playing out right now?
Will follow....
Good luck traders!
Interesting inverse correlation of LUMBER prices with IOTXUSD ....
When LUMBER prices drop to local low/bottom, IOTX seems to spike higher shortly after that.
Maximum bull run on IOTX happens soon after the crossover as LUMBER price action is on a major downswing and IOTX price action is on the up swing. Looks like this scenario might be playing out right now?
Will follow....
Good luck traders!
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