Yesterday at a glance: a tough session dominated by bearish sentiment left BZQ 35.45 cents lower, while setting a $12.58 to $12.96 session range.

United States Initial Jobless Claims data will be released today at 12:30 UTC, with an expected improvement to 260,000. ProShares UltraShort MSCI Brazil Capped reaction to indicator information will follow.

Meanwhile, United States API Weekly Crude Oil Stock came out at -1.25 million, while a consensus of analysts was expecting -433,000. United States 20-Year Bond Auction released yesterday at 17:00 UTC with a figure of 4.01, while the previous figure was 3.954.

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. Despite this, although ProShares UltraShort MSCI Brazil Capped is down today and was as low as $12.58, it seems to be recovering slightly and climbing away from the $12.43 support line and is now 17 cents above it.

In the short term, ProShares UltraShort MSCI Brazil Capped is expected to maintain its recent downtrend and continue spiralling lower.

In the meantime, negative performances are also seen in other markets, Intel falls 6% yesterday and closed at $35. After ending yesterday's session at $274.45, Tesla lost $15 and is trading around $259.46. AMD is down to $112.11, losing $6.82, after ending the previous session around $118.93.

With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as projections for United States Crude Oil Inventories are set for a continuation of decline with 1.87 million while previous data was 7.92 million; data will be released today at 15:00 UTC.

Some optimism can drawn from the fact that United States Initial Jobless Claims is projected to outperform its last figure with 260,000. It previously stood at 262,000; data will be released today at 12:30 UTC.

Furthermore, United States Services PMI is expected tomorrow at 13:45 UTC.

All in all, the fund has been on a negative trend for around a month. ProShares UltraShort MSCI Brazil Capped hit a significant low of $12.6 around a day ago, but has since recovered 2.81%.