Buyers pushing TBT towards its price target of $27.66; currently at $27.57

• Buoyed by a strong session amid an uptrend, ProShares UltraShort 20+ Year Treasury is 9 cents away from testing key resistance at $27.66
• Bollinger analysis indicates upper Band® is at $74.49

Around $27.85, ProShares UltraShort 20+ Year Treasury can look to establish a new bullish phase beyond its 10 day Simple Moving Average. In contrast, ProShares UltraShort 20+ Year Treasury's recent run now faces a major challenge as concentrated supply is likely found at $27.66 with price action currently 9 cents away.

Overall, looking at the technical analysis landscape, it seems ProShares UltraShort 20+ Year Treasury might continue pointing upwards in the short term.

Vanguard Mid-Cap ETF is hovering around the $210.38 Fibonacci support level. Vanguard Mid-Cap ETF's upper Bollinger Band® at $212.38, suggesting a further decline is forthcoming. Despite this, bearish run for Vanguard Mid-Cap ETF is facing a possible turning point at $209.18, which is only 6 cents away. If this support line fails to hold, the next target will be at $208.18.

Several technical indicators are adding weight to the bearish momentum seen today and forecasting Vanguard Mid-Cap ETF to extend its recent losses.

$73.54 marks the crossover point where iShares MSCI USA Min Vol Factor ETF price action falls below its 3 day Simple Moving Average. IShares MSCI USA Min Vol Factor ETF's upper Bollinger Band® is at $74.49, suggesting that a downward move may follow. On the other hand, note that iShares MSCI USA Min Vol Factor ETF is eyeing the $73.47 support line.

Although price action remains in a stalemate, technical analysis suggests iShares MSCI USA Min Vol Factor ETF could be primed for a break to the downside.

Fundamental indicators – data for United States Crude Oil Inventories published today at 14:30 UTC came out at 597,000, beating projections of -583,000 and showing improvement over the preceding figure of -3.74 million.

Upcoming fundamentals: United States Producer Price Index is projected to outperform its last figure with 0.1%. It previously stood at -0.1%; data will be released tomorrow at 12:30 UTC.