Very difficult to know. The KC will find very strong resistance to approach 119-120 for now until May Option expiration day which is this Tuesday, by another side the support is very good at 115.00. Maybe, for now, the market has found a range which can be comfortable.
Prevails also many uncertainties. Yesterday the KC was supported by the strength of the Real and we don't know-how will be that today until that happens. Also, Origins is trying to solve their logistics problems, although it is impossible to know if they are going to be successful.
For the next few days, I bet for a market range between the frontiers I pointed outlines above.
If I'm wrong it will be easy to imaging the market could go to 123 or higher today
« Back to index