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techincal - Technical Contract Specifications:PD,CME...

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Technical Contract Specifications:PD,CME Trading Unit: 40,000 pounds Tick Size: 2.5¢/cwt. = $10.00 Quoted Units: US $ per pound Initial Margin: $1,620 Maint Margin: $1,200 Contract Months: Feb, Mar, May, Jul, Aug First Notice Day: Sixth business day of contract month. Last Trading Day: The business day prior to the last three business days of the con Trading Hours: Mon-Thurs 5:00 p.m.- 4:00 p.m. Sun & Hol 5:00 p.m. - 4:00 p.m. Trading in expiring contracts closes at 12:00 p.m. on the last tra Daily Limit: $.020 or $.030 or $.045/lb. expandable limits Analysis Fri 10/4/09 Bollinger Bands Indicator: Conventional Interpretation: The Bollinger Bands are indicating an overbought market. An overbought reading occurs when the close is nearer to the top band than the bottom band. Additional Analysis: Volatility appears to be picking up a bit, as evidenced by an increasing distance between the upper and lower bands over the last few bars. The market appears overbought, but may continue to become more overbought before reversing. Look for some price weakness before taking any bearish positions based on this indicator. Mov Avg 3 lines Indicator: Note: In evaluating the short term, plot1 represents the fast moving average, and plot2 is the slow moving average. For the longer term analysis, plot2 is the fast moving average and plot3 is the slow moving average Conventional Interpretation - Short Term: The market is bullish because the fast moving average is above the slow moving average. Additional Analysis - Short Term: The market is EXTREMELY BULLISH. Everything in this indicator is pointing to higher prices: the fast average is above the slow average; the fast average is on an upward slope from the previous bar; the slow average is on an upward slope from the previous bar; and price is above the fast average and the slow average. Conventional Interpretation - Long Term: The market is bearish because the fast moving average is below the slow moving average.
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