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Posted by Tango
on June 24, 2020, 7:14 am
Slight selling at the opening was present. The market eventually returned to 98.00. It remains quiet with a steady tone. Yesterday was a quiet but a steady day with resistance. Volume was low but the participants remain the same. Discounting any short covering and long liquidation that may be present, the OI shows new selling and buying. The Sep OI on last read was over 110,000 lots. For now the market is trying to decide which way to go. 8:00 should bring more of what we have been seeing.
The £ is the only currency that is higher against the $ of the major currencies and the BRIC. USDMXN is 22.5035 +0.0953 (+0.43%), USDCOP is 3,698.25 -0.1 (-0.0027%) and USDBRL on the CME is 5.1740 +.0218, +.42%.
Bond futures are are unchanged and flat, equities lower and metals are higher and strong as Aug gold approaches 1800.00. Crude is down and grains are higher. Cocoa and cotton are higher while sugar is lower.