Brazil…is playing catch up. This put in an ORH day yesterday.
there are resting stops over 55.52.
Although this is short term overbought, the long term maps look good for a move
toward 60.
Strategy…It would be nice to put on some FEB 57/60 call spreads on any weakness in the low 54’s.
As long as this remains above 53 it remains firm.

