Re: Nas -52.45 USD +0.348 S&P -19.42 Dow -178.84 Dowfut -179 Gold -1.06

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Jan 3, 2016, 9:32:09 PM1/3/16
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On Thu, Dec 31, 2015 at 5:23 PM, INO.com Analysis & Commentary <eve...@ino.com> wrote:
INO.com
Evening Markets Report
Prepared for Aim on Thursday, December 31, 2015

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Summary
The Dow Future is dropping 179 points to 17330. The US Dollar Index rose 0.348 points to 98.611. Gold is dropping 1.06 dollars to 1061.44. Silver is lower 0.1150 dollars to 13.8250. The Dow Industrials slipped 178.84 points, at 17425.03, while the S&P 500 eased 19.42 points, last seen at 2043.94. The Nasdaq Composite fell 52.45 points to 5013.40. Streaming charts of these markets are available 24/7 at MarketClub

Blog Postings and Videos
Last Day To Try MarketClub With Holiday Special Rate
Thursday Dec 31st

Top Forex Pairs VS. Gold: Another One Bites The Dust
Wednesday Dec 30th

A Deep Value Play Investors Shouldn't Overlook
Wednesday Dec 30th

 
Currencies Snapshot
Symbol Last Change %
$ INDEX 98.611 +0.348 +0.45%
POWERSHARES DB US DOLLAR INDEX 25.640 +0.120 +0.47%
US Dollar/Canadian Dollar 1.38320 -0.00395 -0.28%
Euro/US Dollar 1.08575 -0.00678 -0.62%
JAPANESE YEN Mar 2016 0.008332 +0.000023 +0.28%
SWISS FRANC Mar 2016 1.0009 -0.0149 -1.47%
US Dollar/Hong Kong Dollar 7.750435 -0.000145 -0.00%

CURRENCIES

The March Dollar closed higher on Thursday and is poised to renew the rally off December's low. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If the Dollar renews the rally off December's low, December's high crossing at 100.70 is the next upside target. Closes below Monday's low crossing at 97.83 would confirm that a short-term top has been posted. First resistance is the reaction high crossing at 99.34. Second resistance is December's high crossing at 100.70. First support is December's low crossing at 97.22. Second support is the 50% retracement level of the August-December-rally crossing at 96.90.

The March Euro closed lower on Thursday as it extends December's trading range. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Closes below the reaction low crossing at 108.28 would confirm a downside breakout of December's trading range. If March renews this month's rally, the 50% retracement level of the August-December-decline crossing at 111.45 is the next upside target. First resistance is December's high crossing at 110.88. Second resistance is the 50% retracement level of the August-December-decline crossing at 111.45. First support is the reaction low crossing at 108.28. Second support is December's low crossing at 105.40.

The March British Pound closed lower on Thursday and below the 87% retracement level of the April-June-rally crossing at 1.4789 as it renewed this year's decline. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends this year's decline, last April's low crossing at 1.4632 is the next downside target. Closes above the 20-day moving average crossing at 1.4986 are needed to confirm that a short-term low has been posted. First resistance is the 20-day moving average crossing at 1.4986. Second resistance is the reaction high crossing at 1.5242. First support is today's low crossing at 1.4726. Second support is last April's low crossing at 1.4632.

The March Swiss Franc closed sharply lower on Thursday and below the reaction low crossing at 1.0049 confirming that a short-term top has been posted while opening the door for additional weakness. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bearish hinting that a short-term top might be in or is near. If March renews the rally off December's low, the 25% retracement level of the January-November-decline crossing at 1.0302 is the next upside target. First resistance is the reaction high crossing at 1.0263. Second resistance is the 25% retracement level of the January-November-decline crossing at 1.0302. First support is today's low crossing at 1.0005. Second support is November's low crossing at 0.9686.

The March Canadian Dollar closed slightly higher on Thursday as it extends the trading range of the past two-weeks. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 72.76 are needed to confirm that a short-term low has been posted. If March renews this winter's decline, monthly support crossing at 71.36 is the next downside target. First resistance is Tuesday's high crossing at 72.40. Second resistance is the 20-day moving average crossing at 72.76. First support is December's low crossing at 71.43. Second support is monthly support crossing at 71.36.

The March Japanese Yen closed slighigher on Thursday as it renewed the rally off December's low. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off December's low, the reaction high crossing at .8354 is the next upside target. Closes below the 20-day moving average crossing at .8253 would temper the near-term friendly outlook. First resistance is the reaction high crossing at .8354. Second resistance is November's high crossing at .8488. First support is the 20-day moving average crossing at .8253. Second support is December's low crossing at .8057.



 
Energy Snapshot
Symbol Last Change %
CRUDE OIL Feb 2016 37.11 +0.51 +1.38%
NY HARBOR ULSD HEATING OIL Feb 2016 1.1315 +0.0205 +1.83%
NATURAL GAS Feb 2016 2.345 +0.131 +5.77%
RBOB GASOLINE Feb 2016 1.2708 +0.0272 +2.16%
POWERSHARES DWA ENERGY MOMENT 33.5800 +0.3446 +1.04%
UNITED STATES GASOLINE 29.46 +0.63 +2.19%

ENERGIES

February crude oil closed higher on Thursday as it extends this week's trading range. The mid-range close sets the stage for a steady opening when Monday's night session begins. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the 20-day crossing at 37.88 are needed to confirm that a short-term low has been posted. If February renews the decline off November's high, weekly support crossing at 33.20 is the next downside target. First resistance is the 20-day crossing at 37.88. Second resistance is the reaction high crossing at 40.34. First support is December's low crossing at 35.35. Second support is weekly support crossing at 33.20.

February heating oil closed higher on Thursday as it extends a two-week old trading range. The mid-range close sets the stage for a steady opening when Monday's night trading session begins. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If February renews this year's decline, psychological support crossing at 100.00 is the next downside target. Closes above the 20-day moving average crossing at 119.40 are needed to confirm that a low has been posted. First resistance is Tuesday's high crossing at 116.79. Second resistance is the 20-day moving average crossing at 119.40. First support is today's low crossing at 110.05. Second support is psychological support crossing at 100.00.

February unleaded gas closed higher on Thursday. The mid-range close sets the stage for a steady opening when Monday's night session begins trading. Stochastics and the RSI are turning neutral to bullish signaling that sideways to higher prices are possible near-term. Closes above the reaction high crossing at 131.65 are needed to confirm that a short-term low has been posted. Closes below last Tuesday's low crossing at 118.13 are needed to confirm a downside breakout of a four-month old trading range. First resistance is the reaction high crossing at 131.65. Second resistance is December's high crossing at 138.60. First support is last Tuesday's low crossing at 118.13. Second support is weekly support crossing at 113.39.

February Henry natural gas closed higher on Thursday and remains poised to extend the rally off December's low. The high-range close sets the stage for a steady to higher opening when Monday's night session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If February extends the rally off December's high, the 25% retracement level of this year's decline crossing at 2.518 is the next upside target. Closes below the 20-day moving average crossing at 2.083 would confirm that a short-term top has been posted. First resistance is Tuesday's high crossing at 2.386. Second resistance is the 25% retracement level of this year's decline crossing at 2.518. First support is the 20-day moving average crossing at 2.083. Second support is December's low crossing at 1.802.



 
Food Snapshot
Symbol Last Change %
COCOA Mar 2016 3210 -19 -0.59%
COFFEE Mar 2016 126.70 +3.05 +2.47%
ORANGE JUICE-A Mar 2016 145.00 +1.65 +1.15%
IPATH BLOOMBERG SUGAR TRUST 35.0000 +0.5100 +1.48%
IPATH BLOOMBERG SOFTS TRUST 32.7612 -0.3988 -1.21%

FOOD & FIBER

March coffee closed sharply higher on Thursday as it extends this week's rally. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends this week's rally, December's high crossing at 12.83 is the next upside target. Closes below the 10-day moving average crossing at 120.56 would confirm that a short-term top has been posted.

March cocoa closed lower on Thursday as it extends the trading range of the past seven-days. The mid-range close sets the stage for a steady opening on Monday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends the decline off December's high, the 62% retracement level of the August-December-rally crossing at 31.60 is the next downside target. Closes above the 20-day moving average crossing at 32.92 are needed to confirm that a short-term low has been posted.

March sugar closed higher on Thursday renewing the rally off December's low. The low-range close set the stage for a steady to lower opening on Monday. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off December's low, December's high crossing at 15.85 is the next upside target. Closes below Tuesday's low crossing at 14.70 would confirm that a short-term top has been posted.

March cotton closed lower on Thursday. The low-range close sets the stage for a steady to lower opening on Monday. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the reaction low crossing at 62.73 would renew the decline off December's high.



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Grains Snapshot
Symbol Last Change %
CORN Mar 2016 358.00 -1.00 -0.28%
OATS Mar 2016 217.25 -1.00 -0.46%
WHEAT Mar 2016 470.00 +0.25 +0.05%
TEUCRIUM CORN 21.2199 -0.0601 -0.28%
IPATH BLOOMBERG GRAINS TRUST SUB 30.315 -0.095 -0.31%
ELEMENTS MLCX GRAINS INDEX TRUST 4.1310 +0.0209 +0.51%
SOYBEANS Mar 2016 864.00 -6.25 -0.72%
SOYBEAN (MINI) Mar 2016 864.250 -6.000 -0.69%
SOYBEAN MEAL Mar 2016 265.5 -2.1 -0.79%
TEUCRIUM SOYBEAN 17.303 -0.137 -0.79%

GRAINS

March Corn closed down a 1/4-cent at 3.58 3/4.

March corn closed fractionally lower on Thursday. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends the decline off July's high, weekly support crossing at 3.56 is the next downside target. Closes above the 20-day moving average crossing at 3.70 3/4 are needed to confirm that a low has been posted. First resistance is the 20-day moving average crossing at 3.70 3/4. Second resistance is December's high crossing near 3.82. First support is Tuesday's low crossing at 3.57. Second support is weekly support crossing at 3.56.

March wheat closed down a 1/4-cent at 4.70.

March wheat closed fractionally lower on Thursday. The mid-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below December's low crossing at 4.65 1/2 would renew the decline off June's high. Closes above December's high crossing at 4.99 are needed to confirm that a low has been posted. First resistance is December's high crossing at 4.99. Second resistance is the 25% retracement level of the June-December-decline crossing at 5.06 1/2. First support is December's low crossing at 4.65 1/2. Second support is weekly support crossing at 4.63.

March Kansas City Wheat closed up 3-cents at 4.68 1/2.

March Kansas City wheat closed higher on Thursday as it consolidated some of Wednesday's loss. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. Multiple closes below December's low crossing at 4.63 3/4 would confirm a downside breakout of the November-December trading range thereby opening the door for additional weakness near-term. Closes above the 20-day moving average crossing at 4.76 3/4 would temper the near-term bearish outlook. First resistance is December's high crossing at 4.96 3/4. Second resistance is the 25% retracement level of the June-December-decline crossing at 5.07 3/4. First support is December's low crossing at 4.63 3/4. Second support is weekly support crossing at 4.50.

March Minneapolis wheat closed up 1-cents at 4.93 1/4.

March Minneapolis wheat closed higher on Thursday. The mid-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends this year's decline, weekly support crossing at 4.77 1/4 is the next downside target. Closes above the 20-day moving average crossing at 5.04 1/4 are needed to confirm that a low has been posted. First resistance is the 20-day moving average crossing at 5.04 1/4. Second resistance is December's high crossing at 5.24. First support is Tuesday's low crossing at 4.90 3/4. Second support is weekly support crossing at 4.77 1/4.

SOYBEAN COMPLEX?http://quotes.ino.com/ex?changes/?c=grains"

January soybeans closed down 4 1/2-cents at 8.71.

January soybeans closed lower on Thursday. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bullish hinting that sideways to higher prices are possible near-term. Closes above the 20-day moving average crossing at 8.78 3/4 are needed to temper the near-term bearish outlook. If January renews the rally off December's low, December's high crossing at 9.09 3/4 is the next upside target. Closes below December's low crossing at 8.64 would renew this month's decline. First resistance is December's high crossing at 9.09 3/4. Second resistance is the 38% retracement level of the July-November-decline crossing at 9.22 3/4. First support is December's low crossing at 8.54. Second support is November's low crossing at 8.44 1/4.

March soybean meal closed down $2.10 at 265.50.

March soybean meal closed lower on Thursday as it closed out 2015 with a new contract low. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends the decline off October's high, monthly support crossing at 251.00 is the next downside target. Closes above the reaction high crossing at 284.60 are needed to confirm that a low has been posted. First resistance is the reaction high crossing at 284.60. Second resistance is December's high crossing at 293.40. First support is today's low crossing at 265.00. Second support is monthly support crossing at 251.00.

March soybean oil closed down 43-pts. at 30.64.

March soybean oil closed lower on Thursday. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are turning neutral signaling that sideways trading is possible near-term. If March renews the rally off December's low, December's high crossing at 32.72 is the next upside target. Multiple closes below the reaction low crossing at 29.93 are needed to confirm that a short-term top has been posted. First resistance is December's high crossing at 32.72. Second resistance is the 75% retracement level of the July-August-decline crossing at 33.17. First support is the reaction low crossing at 29.93. Second support is the reaction low crossing at 29.32.



 
Indexes Snapshot
Symbol Last Change %
DJ 30 INDUSTRIALS 17425.03 -178.84 -1.02%
NASDAQ COMPOSITE INDEX (COMBINED) 5013.40 -52.45 -1.04%
S&P 500 CASH 2043.94 -19.42 -0.94%
SPDR S&P 500 204.21 -1.72 -0.84%
iShares RUSSELL 2000 INDEX 112.865 -1.175 -1.03%

U.S. STOCK INDEXES

The March NASDAQ 100 closed lower on Thursday. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below Monday's low crossing at 4571.50 would confirm that a short-term top has been posted. If March extends the rally off December's low, December's high crossing at 4734.75 is the next upside target. First resistance is Tuesday's high crossing at 4695.50. Second resistance is December's high crossing at 4734.75. First support is December's low crossing at 4471.25. Second support is the 38% retracement level of the August-December-rally crossing at 4450.00.

The March S&P 500 closed out 2015 on down note on Thursday. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are overbought but are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below the 10-day moving average crossing at 2039.06 would signal that a short-term top has been posted. If March extends the rally off December's low, December's high crossing at 2093.50 is the next upside target. First resistance is Tuesday's high crossing at 2074.00. Second resistance is December's high crossing at 2093.50. First support is the 50% retracement level of the August-December-rally crossing at 1976.11. Second support is the 62% retracement level of the August-December-rally crossing at 1947.81.

The Dow closed lower on Thursday to end the year on a bearish note. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are turning neutral to bearish signaling that sideways to lower prices are possible near-term. Closes below Monday's low crossing at 17,437.34 would temper the near-term friendly outlook. Closes above the reaction high crossing at 17.796.76 are needed to extend the rally off December's low. First resistance is the reaction high crossing at 17.796.76. Second resistance is December's high crossing at 17,895.50. First support is December's low crossing at 17,116.73. Second support is the 38% retracement level of the August-November-rally crossing at 16,990.60.



 
Interest Snapshot
Symbol Last Change %
T-BONDS Mar 2016 153.50000 +0.25000 +0.16%
iShares FLOATING RATE NOTE 50.445 +0.025 +0.05%
5 YEAR T-NOTES Mar 2016 118.359375 +0.179688 +0.15%
ULTRA T-BONDS Mar 2016 158.25000 +0.56250 +0.36%
POWERSHARES SENIOR LOAN PORTF 22.40 -0.03 -0.13%

INTEREST RATES

March T-bonds closed up 6-(32nds) at 153-14.

March T-bonds closed higher on Thursday as it consolidated some of this week's decline. Stochastics and the RSI are oversold but remain neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends the decline off December's high, December's low crossing at 151-12 is the next downside target. Closes above Monday's high crossing at 156-03 are needed to confirm that a short-term low has been posted. First resistance is December's high crossing at 157-17. Second resistance is the reaction high crossing at 158-05. First support is December's low crossing at 151-12. Second support is November's low crossing at 150-03.

March T-notes closed up 0.095-(32nds) at 125-290

March T-notes closed higher due to short covering on Thursday as it consolidates some of this week's decline. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If March extends this week's decline, the reaction low crossing at 125.125 is the next downside target. Closes above the reaction high crossing at 126.130 would confirm that a short-term low has been posted. First resistance is the reaction high crossing at 126.240. Second resistance is December's high crossing at 127.10. First support is the reaction low crossing at 125.125. Second support is December's low crossing at 125.090.



 
Livestock Snapshot
Symbol Last Change %
FEEDER CATTLE Mar 2016 163.200 +1.575 +0.97%
LEAN HOGS Feb 2016 59.975 +0.200 +0.33%
LIVE CATTLE Feb 2016 136.300 -0.400 -0.29%
IPATH BLOOMBERG LIVESTOCK TRUST S 23.9420 -0.0780 -0.32%

LIVESTOCK

February hogs closed up $0.03 at $59.80.

February hogs closed higher on Thursday. The high-range close sets the stage for a steady to higher opening when Monday's session begins trading. Stochastics and the RSI are neutral to bullish signaling that sideways to higher prices are possible near-term. If February extends the rally off December's low, the 50% retracement level of the October-November-decline crossing at 62.23 is the next upside target. Closes below the 10-day moving average crossing at 57.96 would temper the near-term friendly outlook. First resistance is today's high crossing at 60.07. Second resistance is the 50% retracement level of the October-November-decline crossing at 62.23. First support is December's low crossing at 54.95. Second support is November's low crossing at 53.97.

February cattle closed up $0.10 at 136.80.

February cattle closed higher on Thursday. The high-range close sets the stage for a steady to higher opening when Monday's session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If February extends the rally off December's low, October's high crossing at 145.97 is the next upside target. Closes below the 20-day moving average crossing at 129.57 would confirm that a short-term top has been posted. First resistance is Wednesday's high crossing at 137.87. Second resistance is October's high crossing at 145.97. First support is the 10-day moving average crossing at 132.67. Second support is the 20-day moving average crossing at 129.57.

March feeder cattle closed up $2.03 at $163.65.

March Feeder cattle closed higher on Thursday as it extends the rally off December's low. The high-range close sets the stage for a steady to higher opening when Monday's session begins trading. Stochastics and the RSI are overbought but remain neutral to bullish signaling that sideways to higher prices are possible near-term. If March extends the rally off December's low, the reaction high crossing at 164.95 is the next upside target. Closes below the 20-day moving average crossing at 153.69 would confirm that a short-term top has been posted. First resistance is the reaction high crossing at 164.95. Second resistance is October's high crossing at 183.57. First support is the 20-day moving average crossing at 153.69. Second support is the December 21st gap crossing at 147.95.



 
Metals Snapshot
Symbol Last Change %
GOLD Feb 2016 1059.9 +0.1 +0.01%
SPDR GOLD SHARES 101.46 +0.04 +0.04%
SILVER Mar 2016 13.820 -0.022 -0.16%
PALLADIUM Mar 2016 563.25 +14.30 +2.62%
DIREXION DAILY GOLD MINERS BEA 16.57 -0.07 -0.42%
POWERSHARES DB PRECIOUS METALS 32.2425 +0.0125 +0.04%

PRECIOUS METALS

February gold closed lower on Thursday as it extends this week's decline. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If February extends this week's decline, December's low crossing at 1045.40 is the next downside target. Closes above the reaction high crossing at 1088.30 are needed to confirm an upside breakout of December's trading range. First resistance is the reaction high crossing at 1088.30. Second resistance is the reaction high crossing at 1097.40. First support is December's low crossing at 1045.40. Second support is weekly support crossing at 1044.50.

March silver closed lower on Thursday as it extends this week's decline. The low-range close set the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are neutral to bearish signaling that sideways to lower prices are possible near-term. If March renews the decline off October's high, weekly support crossing at 12.435 is the next downside target. Closes above December's high crossing at 14.640 are needed to confirm that a low has been posted. First resistance is December's high crossing at 14.640. Second resistance is the reaction high crossing at 15.470. First support is December's low crossing at 13.620. Second support is weekly support crossing at 12.435.

March copper closed lower on Thursday. The low-range close sets the stage for a steady to lower opening when Monday's night session begins trading. Stochastics and the RSI are neutral signaling that sideways trading is possible near-term. If March extends the rally off November's low, the 25% retracement level of the May-November-decline crossing at 223.78 is the next upside target. Closes below Monday's low crossing at 207.60 would confirm that a short-term top has been posted. If March renews this fall's decline, monthly support crossing at 196.70 is the next downside target. First resistance is Tuesday's high crossing at 216.35. Second resistance is the 25% retracement level of the May-November-decline crossing at 223.78. First support is December's low crossing at 203.40. Second support is November's low crossing at 200.20.



 
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8. NT.Z15.E NORWEGIAN KRONE Dec 2015 8.7009 +0.0459 +0.53% 729 +100    Entry Signal
9. HOT.H16.E NYH ULSD TAS Mar 2016 0 -8 0.00% 625 +90    Entry Signal
10. SB.H17.E SUGAR #11-WORLD Mar 2017 15.10 +0.14 +0.94% 460 +100    Entry Signal

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