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Posted by Tango
on May 5, 2020, 9:29 am
New buying and new selling highlights the OI in a low volume day. We know from the COT that the buyers are mostly commercial at the low of the range and sellers are funds mostly. On strength, the buyers are some other spec group. Today the word “cold” was reported by Somar and it may be providing the steadiness that we see. 110.00 seems to be a critical area possibly because it’s a striking price. Friday is option expiration for the June contract. USDBRL is 5.5222 -0.0228 (-0.4112%) and USDCOP is 3,926.03 -50.67 (-1.2742%).