INSUBCONTINENT EXCLUSIVE:
metals rattled markets worldwide, though volume patterns suggested selective buying beneath the surface.Petrobras shares fell 1.4% against
technical resistance at R$38.50, while Vale gained 0.8% after bouncing precisely off its 200-day moving average
The Ibovespa now tests crucial support at 122,000 points.Casas Bahia surged 29.9% in a textbook short squeeze, with trading volumes
exploding to 21.8 million shares amid deteriorating technicals across retail stocks.Trade Tensions Drive Ibovespa Lower as Technical Signals
cleared its descending resistance
Three distribution days in the past week suggest institutional selling pressure persists.U.S
markets showed similar technical deterioration ahead of inflation data, with the Dow dropping 1.14%
Brazilian trading volumes hit R$9.2 billion, confirming the bearish sentiment through above-average participation.Foreign investors withdrew
funds as Brazilian ETFs recorded $48 million in outflows
Fibonacci retracement levels show the index has retraced 38.2% of its January-February rally.Market breadth deteriorated with declining
stocks outnumbering advancers by 3:1 on the B3
noted Ricardo Maluf from Warren Equities
The index approaches oversold conditions but lacks capitulation volume.Traders are now monitoring the head-and-shoulders pattern forming on
