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Posted by Tango
on November 27, 2018, 9:29 am
A slightly elevated OI in a quiet but weak market yesterday indicates new vs new maybe. But as we see new buying in the forwards was matched with front selling explaining possibly the increase in the OI. What is likely is that buying was new and commercial. The selling could have been liquidation as well. Today the buying is solid, consistent and with minimal dips. 113.90 is the current high. USDBRL is 3.8888 -.0500 -1.27%.