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Posted by Tango
on August 21, 2019, 9:40 am
Today's OI is difficult to dissect because of EFP/EFS postings and the Sep OI winding down. The Dec OI is up which may indicate new buying and new selling. If so, we know who the players are. Today the market is steady. Spoof bids have been seen which is never a good sign and there is lots of selling on the way up. Commercials have the luxury of not chasing the market higher and funds may still be sellers. There is some forward selling as well. So the buying may be Real related or possibly other spec groups. USDBRL is 4.0326 -.0208 -.5132% and USDCOP is 3388.76 -16.42 -.48%.