LYXOR ETF IBOVESPA: Indexation product that tracks the progress of the São Paulo Stock Exchange

(News Bulletin 247) – The News Bulletin 247 team offers a bullish stock market scenario for a country with immense potential, Brazil, which is excellently positioned in the agricultural commodities, metals, oil and banking sectors. Sectors that can do well in the current market conditions, marked by the surge in minerals, oil, agricultural commodities, and by the rise in bond yields.

The financial tool that will make it possible to invest in this country-continent is the evocative mnemonic code tracker RIO. An ETF-type financial product that mirrors the spot market of BOVESPA, the benchmark index of the São Paulo Stock Exchange.

We will bet under these conditions, through the acquisition of this tracker (ETF), on buying impulses on the world market for raw materials (in particular sugar, soybeans, oranges), as well as on a continuation of the rise in prices oil, a sector in which Brazil is structurally a major global player, particularly in drilling offshoreexpertise that only a handful of powers on the planet have.

KEY GRAPHIC ELEMENTS

Graphical analysis of daily data from the LYXOR ETF IBOVESPA tracker makes it possible to identify a medium-term bullish trend. Trend strengthened since the release of a broader consolidation pattern at the beginning of October. In terms of trend indicators, the 100-day moving average (in orange) acts as a support for prices. No movement of loss of momentum in the trend is to be noted within the meaning of our battery of mathematical indicators.

FORECAST

In view of the graphic elements mentioned, the News Bulletin 247 team suggests that active investors take a buying position on the LYXOR ETF IBOVESPA tracker, at the current price, with €25,0000 in their sights. A protective stop should be placed at €17.9400.

CHART IN DAILY DATA

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