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Posted by Tango
on December 12, 2019, 9:45 am
The increase in the OI could indicate new buying and new selling. The most active outright month is March which is almost a flat change meaning new vs. old. We know that every sector is active and that both liquidation and new business is going on. We can be safe in assuming that funds are buying and commercial are selling. Spreads are also in the mix. Today we have the same pattern as we have been seeing that the market comes off itís highs and lingers at a level. Today this level is 136.00 and the market should typically regain strength but it can easily go the other way. The dynamics are such, for now, so that prices will continue higher. USDBRL is 4.1102 -0.0136 (-0.3298%) USDCOP is 3,365.1201 -9.12 (-0.2703%).