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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 hold their own in the current market conditions, marked by the good performance of the prices of minerals, oil, agricultural commodities, and in a favorable context for 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, iBOVESPA, the benchmark index of the São Paulo Stock Exchange, the financial capital of South America.

We will bet in 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 player on a planetary level, particularly in offshore drilling, expertise which only a handful of powers on the planet have.

KEY GRAPHIC ELEMENTS

Since its annual low points of March 24, the index has returned to an upward trend in the sense of the Dow, namely a series of increasing low points, like the high points. Bullish runaway sessions on April 11 and May 05 were accompanied by thick volumes. Note that it is useless to look for gaps on the index, in does not include, by methodology, each session opening exactly on the closing level of the previous one.

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 €22,0000 in their sights. A protective stop should be placed at €17.0400.

The News Bulletin 247 board

TRACKER
Purchase at 18.52 €
Objective :
22.0000 €
Stop:
17.0400 €
Mnemo:
Rio
Transmitter :
Lyxor AM
Underlying:
IBOVESPA
DTH:
No

CHART IN DAILY DATA

Graphic made from the software Prorealtime

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