KC chalked up a 3rd day of gains settling at 108.50, plus 40 points, as it parlayed a string of higher lows for each session thus far in 2019, along with higher high’s in 5 out of the year’s 6 trading days. Open interest increased for an 8th day running today to the tune of 1,889 lots as the first day of the traditional index fund rebalance saw anticipated inflows. Industry and short term specs again were noted adding to the long side amidst some weather uncertainties and the Brazilian currency trading at its firmest level since the day following Bolsonaro’s election. London failed to keep pace with N.Y. as it settled down $21 at 1535 while posting a 1559 triple top. Beginning of the year flows, a lack of COT data and N.Y. trading 10 cents above 12 year lows, muddle already murky waters in a market where the funds remain short but its share of skepticism does not.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
February 2021
Categories |