Orders and Price Analysis
Order questions turn on a single word — above or below the market — and analysis questions on what each school of analysis looks at.
Orders
A buy stop sits above the market and a sell stop below it; each becomes a market order when its price trades. A market-if-touched order does the reverse: buy below, sell above. A stop-limit order can only fill at its limit or better, so in a fast market it may not fill at all. Unless marked good till canceled, an order expires at the end of the day.
Technical, fundamental and interest-rate analysis
Technical analysts read price patterns, volume and open interest; fundamental analysts study supply and demand, including crop years, government programs and demand elasticity. For interest-rate futures, remember that debt prices move opposite to yields, so rising rates lower futures prices. See The PrepPass Series 3 Study Guide for the full treatment and practice questions.
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