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Posted by Tango
on January 3, 2020, 9:28 am
The OI was up in quiet trading indicating that sellers are adding shorts and not liquidating, for the most part. The buying is also new and it is probably commercial but funds cannot be ruled out as the COT has shown new fund buying in a downward market. On its own, the OI is friendly. Today the market bounced off the 125.00 area and has been steady but resistance is there. The SepDec spread is under pressure relative to other spreads as the DecMar is trailing. USDBRL is 4.056 +0.0300(+0.75%) and USDCOP is 4.056 +0.03 (+0.75%).