Daily Futures Commentary 27th November 2019

Jon Whybrow

113 words / 1 minute reading time

We maintained the recent range bound trading pattern today, seeing a mere 11-point band for the spot March’20 contract on low volumes. The efforts of the Brazilian central bank to support the BRL proved ineffective with the USDBRL remaining around $4.26 this afternoon, though I suppose they did at least prevent it from weakening further for today. With No.11 closed tomorrow for the Thanksgiving holiday it felt as though many traders were content to remain on the side-lines and as such, we were even flatter than many recent sessions. Closing values within a couple of points of unchanged summed up the nature of the session perfectly heading into tomorrow’s market holiday.

No.11 Futures

If you have any questions please feel free to contact the derivatives team at jwhybrow@czarnikow.com.

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