Key Points

The Ibovespa fell a third straight day, closing Wednesday at 175,744, down 0.48%, now below the daily cloud with the reclaim fully abandoned.

USD/BRL extended the real’s reversal to 5.0588, clearing the 5.04-5.05 cloud as MACD turned positive and the dollar’s momentum built for a third session.

Oil crashed overnight — WTI down about 6% to $88 and Brent below $96 — after Iran pledged to restore Hormuz shipping to pre-war levels within a month.

The oil slide sank the risk complex: gold fell 1.74% to $4,378 onto its 200-day, silver dropped 2.48% to $72.79 and Bitcoin lost 1.98% to $72,858.