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Re: quick fundamental overview please? (month chart)
Today the planets must have been lined up. To me the 120.00 area was key, (I find that the striking prices are areas of contention). The market has been under pressure but not without support, including in forwards. Option activity has been good and volatility has been steady especially yesterday as both put and call business was initiated. The OI has been decreasing in K but the total has been mostly higher, which indicates rolling but possibly new selling as we have been seeing in the COT reports. The Real is strong. USDBRL presently is 5.6334 0.1411 (-2.44%). Finally, tomorrow is the last day of the trading week as Good Friday is celebrated. We may see additional short covering tomorrow. If so, 125.00 will likely be a hurdle.