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Posted by Tango
on November 14, 2019, 10:40 am
The OI continues to be a difficult guide to what is going on as a result of the high EFP in Dec as well as forwards. The RC OI is probably truer showing short covering and long liquidation. There is new selling in KC in the form of forward selling. The market today Has been generally steady and now testing the 110.00. Resistance was present on its way to the high of 112.80 which caused it to ease. The high in Dec is 109.55 around the high of Friday. USDBRL is 4.1851 +0.0149 (+0.36%) and USDCOP is 3,446.03 +21.28 (+0.62%).