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Posted by Tango
on April 14, 2021, 9:51 am
Market continues to slow grind higher. Jul is now the lead month for outright trading. Volume was high yesterday at 87,409 lots although outright volume was only 24% of total. For this COT period, the total OI dropped 8,664 lots while the K OI dropped 48,385 lots. Funds are very likely buyers but it seems that origin forward selling is present, in addition to long and delta selling. For now the market remains steady but activity appears to be roll related. SBUX still going strong and remains a meter for the consumption sentiment, imo.
USDBRL 5.7101 -0.0065 (-0.11%). USDCOP is 3,658.0901 -8.91 (-0.24%).