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Posted by Tango
on May 24, 2019, 9:46 am
The only evident conclusion that could be made is new buying and new selling. There are clues of spread activity and demand for Sep options. Today the market met a great deal of resistance between 94.50 to 95.00 area and is now flat. Longs are not believers of frost possibilities or consequences. USDBRL is 4.0422 +0.0028 (+0.07%) and USDCOP is 3359.27 -16.36. I think that the OI report is concealing the true activity. The total spread volume is higher than it has been at 60%.