Glossary

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Rally

A swift upward movement in price

Range (Price)

The price span during a given trading session, week, month, year, etc.

Repurchase Agreements (or Repo)

A repurchase agreement is an agreement between two parties where one party sells the other a security at a specified price with a commitment to buy the security at a later date for another specified price. Most repos are overnight transactions, with the sale taking place one day & then reversed the next. Long-term repos, or term repos, can last as long as a month or even more.

Reserve Requirements

The minimum amount of cash and liquid assets, as a percentage of demand deposits and time deposits, that member banks of the Federal Reserve are required to maintain at all times.

Resistance

A horizontal price range where price hovers due to selling pressure before attempting a downward move.

Reverse Crush Spread

The sale of soybean futures and the simultaneous purchase of soybean oil and meal futures. See Crush Spread.

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