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Posted by Tango
on January 15, 2020, 9:54 am
The total OI continues to show a dominance of spreads while the March OI shows either decreases or close to unchanged. For this COT period March shows a change of - 7.50c as the total OI increased by 6,511 lots while the March OI dropped by 7,133 lots indicating long liquidation and short covering on outrights and new business on both sides with spreads.. Today we seem to have more of the same but, as we saw in last week’s COT, all players are in the game. The market is steady as it found support on the way down. USDBRL is 4.1614 +0.0288 (+0.70%) and USDCOP is 3,288.1799 +2.08 (+0.06%)l. There is slight forward activity in KC.