Its quite clear for this time that brazilian stock market is in a down trend channel well developed .... as far as I can see brazilian economy is still weak and doesnt show any signal of improvement.. so because of that Ibovespa our INDEX has made an classic channel with levels to be watched pretty close.
As commodities are pretty weak our economy follow also this path down.... we are an economy based on export material raw...so commodities down....ALSO BRAZILIAN DOWN!
Cheers mates
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