If you are new to commodity futures trading, recent price action in lumber futures is a classic example of the many elements at play that may trading commodities so exciting, and volatile. Lumber futures soared to a record high five weeks ago. Lumber made front-page news as homeowners and the construction industry were in shock amid the high prices and even short supplies. A little more than a month later lumber prices have fallen more than 40% and are still trending down. Commodity traders must remember that markets are the most very bullish at the very top in prices, and then it’s downhill from there. I wrote an e-book on 62 one-paragraph or shorter rules that are just like that last sentence–short but very valuable. Check it out on my website at www.jimwyckoff.com. Stay tuned! Jim