Bovespa Index tests support
The Brazilian Bovespa Index ($BVSP) is testing support in the 62,000 area. There is a support zone from 60,000 to 61,300 that extends back to the late October low. The index has been swinging from this support zone to a resistance zone in the low 70,000 area. Brazil is part of the BRIC ETF (BKF).

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