Brazil is the world’s eighth biggest oil producer. Even with the energy crunch caused by tensions between the US and China, the country stays strong.
The market team sees a bright future for Brazil because it is rich in farm products, metals, oil and banks. The easiest way to invest in this growth is through the Lyxor ETF that follows the IBOVESPA index, the main stock index of São Paulo.
The ETF’s ticker is RIO. Buying this fund means you are betting on rising prices for commodities like sugar, soy and oranges, as well as higher oil prices. Brazil is a global leader in offshore drilling and even sends people to space.
Key Chart Signals
The price is above its 50‑day moving average (shown in orange), which acts as a strong support line since mid‑August 2025. The Relative Strength Index does not stay in the over‑bought zone for long. Bollinger Bands are tightening, making the entry point look more attractive.
Investment Outlook
Based on the chart, the team suggests buying the Lyxor IBOVESPA ETF now, aiming for a price of €35. A safety stop is recommended around €25.
BFM Bourse Recommendation
- Action: Buy
- Entry price: €27.19
- Target: €35
- Stop loss: €25
- Ticker: RIO
- Issuer: Lyxor A.M.