INSUBCONTINENT EXCLUSIVE:
advanced 0.24% for the day, extending a weekly gain above 3%
The market reached an intraday peak of 141,563.85 points.The US dollar ended at 5.4248 reais, up 0.37%
closed for the US Independence Day holiday, which reduced global liquidity.Despite this, Brazilian equities attracted steady flows,
gains.Vale benefited from higher iron ore prices in China, while Vibra Energia rose after reports of increased ethanol market share and
speculation about a stake acquisition by Inpasa.Vibra Energia emerged as the top gainer, while Engie Brasil led the losses after giving back
The Supreme Court suspended presidential decrees that raised IOF rates and called for a conciliation hearing.The Finance Minister stated
fundamentals and sector-specific news.Technical analysis of the daily chart shows the Ibovespa in a strong uptrend
The price remains above key moving averages, including the 50-day and 200-day lines, which confirms bullish momentum.The Relative Strength
Index (RSI) closed at 64.57, indicating strong buying but not yet overbought.The Moving Average Convergence Divergence (MACD) shows a
bullish crossover, with the histogram turning positive.Bollinger Bands expanded, reflecting increased volatility, but the price stayed near
the upper band, which signals persistent demand.Support levels appear near 138,506 and 138,564, while resistance stands at the new high of
141,263.The 4-hour chart confirms the short-term uptrend, with the RSI at 66.95, close to overbought territory.The MACD remains positive,
and the price holds above short-term moving averages
These signals suggest the market could consolidate after recent gains, but no reversal pattern has emerged.Compared to global peers, B3
volume on B3 remained robust, with recent daily averages between 28 and 35 billion reais