This short Christmas week starts with a negative bias in the main stock exchanges around the world. Investors feel the pressure of the increase in cases of the variant omicron Covid-19, and fears of a return to harsher measures of social isolation spread to other markets.
It is the case of the Petroleum, whose price drops sharply this Monday (20), below US$ 70 per barrel, due to the concern that omicron will reduce urban mobility and, by default, fuel consumption.
To make matters worse, doubts are beginning to emerge about the viability of the trillion-dollar economic stimulus package approved by the US president, Joe Biden, last week.
Down
Either climate pollutes or Ibovespa future, which operates with a sharp drop this morning. Contracts maturing in February retreated 1.15% at around 9:58 am, and were traded at 107,215 points.
For graphic analysts, the downward trend points to short-term resistance, established between 106,000 and 105,000 points. If it loses this floor, the Ibovespa may deepen its fall to around 100,000 points – or even less. With that, investors could forget about the year-end rally.
See what graphic analysts at Ágora, Banco Safra, Genial and XP Investimentos say about the Ibovespa today.
Institution | 1st Support | Potential remains * | 2nd Support | Potential remains * |
---|---|---|---|---|
Agora | 106.000 | -1,12% | 102.000 | -4,85% |
Harvest Bank | 100.800 | -5,97% | 99.400 | -7,28% |
Genial | 105.890 | -1,22% | 100.075 | -6,64% |
XP | 105.000 | -2,05% | 100.000 | -6,72% |
Average | 104.423 | -2,59% | 100.369 | -6,37% |
*about 17/Dec |
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Source From: Moneytimes
I am an author at Global happenings and I mostly cover automobile news. In my time working in the automotive industry, I have developed a keen interest in the latest developments and trends. My writing skills have also allowed me to share my knowledge with others through articles and blog posts.