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Posted by Tango
on April 28, 2021, 12:18 pm
The market remains steady. Buying dips continues to be on the menu. The OI is positive every day as new selling, mostly commercial, and new buying, mostly funds, are adding new contracts. Spreads remain steady as the N22 and U22 spreads are flat as forward selling prevails. Yesterday they traded at a slight backwardation. But warehouse stoicism are climbing again. Resistance is present in the outright market but buying is persistent, including in out of the money calls. USDBRL is around unchanged at 5.4515 and USDCOP is 3,700.50 -15.50 (-0.42%). The arbitrage in N is 79.87 and has been above 80.00.