Cortos USD/COPThe price is expected to react in the area of 3,750 pesos, since its Daily structure is bearish.
Se espera que el precio reaccione en la zona de los 3.750 pesos, ya que su estructura Diaria es bajista.
Colombian
Possible correction in the USDCOPThe inverse correlaion between oil and the dollar remains , therefore fell last week nearly 140 pesos.
With falls on Thursday and Friday a pattern of bearish candles known as "Techo en Pinzas" was formed. This move leaves the 3,320 as a resistance .
While the dollar does not close above 3,320 , there is a likelihood of a correction towards 3,120 or 3,060 ; Prices in this area are above previous minimum and the uptrend line , which act as support areas.
If the dollar closed above 3,330 , it is likely that the upward trend comes back and the dollars set a new high.
