BZQ falls back to $16.49 after shedding 3.65% yesterday

Yesterday at a glance: a tough session dominated by bearish sentiment left BZQ 62.54 cents lower, while setting a $16.29 to $16.88 session range.

United States Core Durable Goods Orders published yesterday at 12:30 UTC came out at -0.2%, falling short of the 0% projections and continuing its decline from the previous 0.3% figure.

While price action maintains a negative bias, United States Core PCE Price Index (MoM) (Apr) released yesterday at 12:30 UTC with a figure of 0.4, while the previous figure was 0.3. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 193,100, while the previous figure was 191,500.

ProShares UltraShort MSCI Brazil Capped made an initial break below its 10 day Simple Moving Average at $16.67, a possible indication of a forthcoming negative trend. On the other hand, note that ProShares UltraShort MSCI Brazil Capped reversed direction at $16.52 support zone and climbed 2 cents above it.

Several technical indicators are adding weight to the bearish momentum seen yesterday and forecasting ProShares UltraShort MSCI Brazil Capped to extend its recent losses.

Other assets are showing positive performances as Costco went up by 4.26% yesterday, and closed at $507.26. Intel is trading around $29 after ending yesterday's session at $27.4 (up 5.84% today). Netflix added 5.54% and closed around $359 yesterday.

ProShares UltraShort MSCI Brazil Capped has fallen back around 49.79% from the significant high of $34.1 set 10 months ago.