BZQ lost 7.63% Friday, ending at $17.89

A quick look at Friday: a tough session dominated by bearish sentiment left BZQ $1.48 lower, while setting a $17.82 to $18.89 session range.

Chart analysis indicates ProShares UltraShort MSCI Brazil Capped could begin to recover as it approaches significant support, now 32 cents away from $17.56. Dipping below could be an indication that further losses are ahead. Trend and momentum analysis indicates that the MACD index is indicating that momentum is shifting from bullish to bearish following a negative crossover. When the MACD falls below the signal line, it is typically considered to be a bearish development favoring short positions. Analysis based on the asset volatility indicates that Bollinger Bands® shows an indication of recovery: the lower band is at $16.92, a low enough level to, generally, suggest that ProShares UltraShort MSCI Brazil Capped is trading below its fair value.

With market volatility ebbing, the current technical outlook indicates ProShares UltraShort MSCI Brazil Capped will remain range-bound for the immediate future.

Positive performances can be seen by looking at other markets as Apple went up by 4.69% Friday, and closed at $173.57. Walt Disney is trading around $100.52 after ending Friday's session at $97.45 (up 3.15% today). BHP Billiton jumps 4.49% Friday and closed at $58.18.

Furthermore, United States EIA Short-Term Energy Outlook will be released tomorrow at 16:00 UTC.

Approximately 9 months ago, ProShares UltraShort MSCI Brazil Capped reached a significant high of $34.1 but has struggled to hold onto its gains and declined 43.21% since then.