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Posted by Tango
on December 31, 2018, 9:41 am
Friday was a low volume day with a proportionately high change in the OI. We know who the players are. New selling from funds hit resting bids of mostly commercials. Today we have a similar situation but the selling is not overpowering the bids. The market is currently 100.00 bid in a quiet conditions among other quiet markets. March Real on CME is 3.8745 with around 100 points lower for spot compared to Friday’s close of 3.8804 in spot.