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Posted by Tango
on July 7, 2020, 10:08 am
The OI shows a slight increase relative to the range and volume, indicating new business against old. Having seen so many stops in the market yesterday, it appears that it was long liquidation and new buying. Likely, all sectors were 2 way participants yesterday. However, there is systems type buying it seems which would be short covering. It is uncertain what exactly is taking place but buying is consistent and selling is fairly heavy and also consistent. Friday is August option expiration and it will be a factor at the striking price levels, providing support and resistance. USDBRL is 5.2995 -0.0567 (-1.0586%) USDCOP is 3,625.00 -10.75 (-0.2957%). KC steady.