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Posted by Tango
on December 3, 2019, 9:40 am
The OI continues to be diluted as it is is slightly higher. But we see on the COT what is reality. Funds are covering and commercials are selling longs. Spreads are playing an important role in the OI part of which are due to outright forward selling are linked with forward buying. Today the market has had several signs of weakness but none were considered sharp corrections but rather buying opportunities. The market is above 124.00 and very steady as organized buying is winning over sporadic selling. USDBRL 4.1975 -0.0255 (-0.6038%)and USDCOP 3,501.26 -1.74 (-0.0497%)..