BZQ ascends to $19.39 after adding 2.05% yesterday

Yesterday at a glance: after finishing Thursday at $19, ProShares UltraShort MSCI Brazil Capped went up to $19.59 before paring its losses and closing at $19.39.

Meanwhile, United States Services PMI released yesterday at 13:45 UTC with a figure of 53.7, while the previous figure was 52.6. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 244,600, while the previous figure was 235,600. United States CFTC Gold speculative net positions came out at 189,900.

The MACD index is indicating that momentum is shifting from bearish to bullish following a positive crossover. When the MACD rises above the signal line, it is typically considered to be a bullish development favoring long positions. On the other hand, note that after reaching the known resistance zone beginning at $19.55, ProShares UltraShort MSCI Brazil Capped price action retreated approximately 16 cents.

Overall, looking at the technical analysis landscape, it seems ProShares UltraShort MSCI Brazil Capped might continue pointing upwards in the short term.

Other markets are also showing gains as Procter & Gamble leaps up 3.46% yesterday and closed at $150.85. Novo Nordisk went up by 4.4% yesterday, and closed at $172.65. SAP added 5.59% and closed around $126.86 yesterday.

Having soared to a high of $34.1 approximately 9 months ago, ProShares UltraShort MSCI Brazil Capped is now trading 44.28% lower.