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Posted by Tango
on February 4, 2020, 9:42 am
Superficially, the OI shows rolling of March into forwards and an increase, again, of the total, indicating new buying and new selling. We know that funds have been mostly adding new shorts while commercials have been adding new longs. Today we have a market that is behaving as it usually does during the roll. The 98.50 low invited buying and the market is trying to climb over 100.00, but yesterday’s buyers may be today’s sellers. USDBRL has also been choppy and is at 4.2406 -0.007 (-0.1648%). USDCOP is 3,367.00 -26.5 (-0.7809%).