(News Bulletin 247) – The News Bulletin 247 team with TradingSat offers a bullish stock market scenario for a country with immense potential, Brazil, which is excellently positioned in the commodities, oil and banking sectors. Sectors which are almost the only ones to be able to hold their own 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. A 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 a major player on a global level, particularly in offshore drilling, expertise that only a handful of powers on the planet have.
KEY GRAPHIC ELEMENTS
The graphical analysis of daily data from the LYXOR ETF IBOVESPA tracker makes it possible to identify an upward trend in the short term as well as in the medium term. In terms of trend indicators, the 50-day moving average (in orange) acts as a support for prices. the tracking does not struggle, since leaving tidy on January 19, regularly posting new highs.
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 €18,6000.
CHART IN DAILY DATA
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I am currently a news writer for News Bulletin247 where I mostly cover sports news. I have always been interested in writing and it is something I am very passionate about. In my spare time, I enjoy reading and spending time with my family and friends.
