The Ibovespa mini index ended the session up 1.35%, reaching 180,045 points and setting new recent highs within its recovery move. According to BTG Pactual’s technical analysis, the 60-minute chart shows a sequence of higher highs and higher lows, indicating that the uptrend that began from the low seen in August remains intact.
For BTG analysts, if the close above 180,000 points holds, the next relevant technical target lies around 182,000 points. Despite the favorable short- and medium-term outlook, the long-term trend remains bearish.
The main technical levels identified for the mini index are:
- Support: 179,145, 178,245 and 177,345 points
- Resistance: 180,945, 181,845 and 182,745 points
Mini dollar moves within a consolidated range
The mini dollar closed the day down slightly by 0.08%, at 5,218.50 points, remaining within the consolidation range seen in recent sessions, according to BTG Pactual. If the contract holds above 5,207.50, there is a chance of a new attempt to test the 5,230-point area.
As for trends, BTG classifies the long- and medium-term trends as bearish, while the short-term trend is bullish.
The technical support and resistance levels for the mini dollar are:
- Support: 5,192.50; 5,166.50; 5,140.00 points
- Resistance: 5,244.50; 5,270.50; 5,297.00 points
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