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Posted by Tango
on January 3, 2019, 9:22 am
The increase in OI is slight enough to conclude that yesterday’s selling was liquidation as mostly commercials bought new. The drop in prices was more likely due to $ strength. Today the $ is down but so are most emerging markets. USDBRL however is 3.7629 -.0268 -.75%. USDCOP is 3227.25 -10.25 and USDMXN 19.6081 +.0456.
The market is steady but is struggling at 101.00.