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Posted by Tango
on November 21, 2019, 9:48 am
The OI is clearer now that Dec is out of the way. The market is steady, obviously, but the 200 to 400 level at any handle has always been problematic. The OI shows short covering and long liquidation and we know that every sector is involved. Spreads continue to be steady especially the SepDec which is trading at a premium to proximal spreads. Robusta is a big lagger with the March arb at 50.01. It closed yesterday at 47.36. USDBRL is 4.1958 +0.0003 (+0.01%) And USDCOP is 3,435.05 -6.05 (-0.1758%).