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Posted by Tango
on March 4, 2021, 10:44 am
Last in K is 130.8. Prices lingered between 132.50 and 134.00 for a couple of days but it seemed inevitable for the market to test the general 130.00. Good support is present, 130.30 is also Nagual’s support level on the Daily. It may penetrate 130.00 but there is good support in the front months and some forward bids beginning to show. The market continues too ignore the Real. USDBRL is 5.595 -0.0243 (-0.43%). USDCOP is 3,653.1101 26.23 (-0.71%). The OI was higher yesterday possibly indicating new buying and new selling. Funds are now sellers likely.