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Glossary

R

Range (Price): The price span during a given trading session, week, month, year, etc.

Reciprocal of European Terms: One method of quoting exchange rates, which measures the U.S. dollar value of one foreign currency unit, i.e., U.S. dollars per foreign units. See European Terms.

Repurchase Agreements ( or Repo): An agreement between a seller and a buyer, usually in U.S. government securities, in which the seller agrees to buy back the security at a later date.

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.

Resistance: A level above which prices have had difficulty penetrating.

Resumption: The reopening the following day of specific futures and options markets that also trade during the evening session at the Chicago Board of Trade.

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

Runners: Messengers who rush orders received by phone clerks to brokers for execution in the pit.

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Charts

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