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BLUE LINE = BRLUSD
On the road- please excuse the abbreviated report. The market was down for the first two days of the report and up for the second two days of the four day week. And so, activity was two-way. During this time managed money were net sellers of longs while commercials covered shorts. The days after the COT, consisted of weak rallies and continuous pressure. The market is in a wait and see mode as market sentiment has neutralized. In the meantime funds continue to sell, forcing other longs out. Commercial support is present however.
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