Today at a glance: after closing at $20.3 on yesterday, ProShares UltraShort MSCI Brazil Capped rallied as high as $20.93 but ended the day at $20.91.

This move comes while some more positive signs for ProShares UltraShort MSCI Brazil Capped are out as data for United States Initial Jobless Claims published today at 13:30 UTC came out at 190,000, beating projections of 195,000 and showing improvement over the preceding figure of 192,000. Data for United States Crude Oil Inventories released yesterday at 15:30 UTC is better than expected with 1.17 million, but worse than previous figure of 7.65 million.

Meanwhile, United States ISM Manufacturing PMI (Feb) came out at 47.7, while a consensus of analysts was expecting 48.

Support/Resistance levels obtained from chart analysis indicate that ProShares UltraShort MSCI Brazil Capped could be slowing down soon as it approaches resistance at $21.07. Of course, crossing it might suggest further gains are ahead. Trend analysis indicates that the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. According to asset volatility analysis, ProShares UltraShort MSCI Brazil Capped's upper Bollinger Band® is at $20.93, this is a slight indication of a slowdown.

Notwithstanding ProShares UltraShort MSCI Brazil Capped's appreciation in recent days, the technical outlook suggests its bullish run is now fading.

Other markets are also showing gains as Salesforce added 11.5% and closed around $167.35 today. NextEra Energy jumps 3.35% today and closed at $69.87.

Meanwhile, Tesla lost 5.85% today and closed at $202.77.

Furthermore, the market is looking at United States ISM Non-Manufacturing PMI (Feb) will be released tomorrow at 15:00 UTC.

The fund has been trending positively for about a month. Having set a significant high of $34.1 7 months ago, ProShares UltraShort MSCI Brazil Capped is trading 40.47% lower.