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Posted by Tango
on January 4, 2019, 10:35 am
The OI is a flat change in the total and a drop in March. Of the 22,697 lots that traded in March 5,613 lots only are related to spreads. It is difficult to conclude that yesterday’s buying was rebalancing. It’s possible that Index is managing its activity prudently, knowing that algos will pressure the market. One way or another the buying will take place. We again bounced off the 100.00 general area. Whether the reaction higher is rebalancing or someone else is not known but commercials are well represented on the way down. Bond futures have become weak, as did gold. The $ is still lower but close to unchanged. The Real and Bolsonaro are still on their honeymoon as the USDBRL is 3.7318 -.0246 -.65%. USDCOP is 3201.27 -41,73. KC is steady once again above 102.00.