After five days of going down, ProLogis is flat today, hovering around $123.32

ProLogis trades at $123.32, after ending yesterday at $123.48.

United States FOMC Meeting Minutes is next.

Uncertainty around ProLogis is reflected by published market data as United States Existing Home Sales (Jan) released yesterday at 15:00 UTC with a figure of 4 million, while the previous figure was 4 million. Fresh 2-Year Note Auction data from United States came out at 4.673. United States Existing Home Sales released earlier showed a marked improvement to -0.7% from the preceding data of -2.2%, but fell short of the 2% figure forecast by a consensus of market analysts.

With regards to technical trend indicators, chart analysis show that the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. According to asset volatility analysis, ProLogis's upper Bollinger Band® is at $133.8 and the lower is $123.05.

With market volatility ebbing, the current technical outlook indicates ProLogis will remain range-bound for the immediate future.

Furthermore, the market is looking at projections for United States Crude Oil Inventories are set for a continuation of decline with 1.17 million while previous data was 16.28 million; data will be released tomorrow at 16:00 UTC. United States Initial Jobless Claims projected to decline to 200,000 while previous data was 194,000; data will be released tomorrow at 13:30 UTC. United States GDP is expected tomorrow at 13:30 UTC.

The real estate investment trust has gained 9.57% since its lowest print of $98.9 earlier this year.