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Posted by Tango
on May 13, 2020, 9:41 am
It appears that yesterday’s selling was mostly new. The buyers are new as well. Based on the latest COT, the buying would be commercial and spec groups and the selling would be funds. Weakness continues today but with buying lined up. The market seems to be at the edge. For this COT period prices are down 3.30 and the OI is up 2,253 lots, signifying new vs new but it’s a slight change. USDBRL is 5.8616 -0.024 (-0.4078%)and USDCOP is 3,881.8201 +6.34 (+0.16%).