| 
April 18, 2023
While in the midst of a 7 day downtrend, Today's positive session could indicate a brief correction amid a broader downtrend, or, the start of a potential reversal. After closing the previous trading day at $17.54, ProShares UltraShort MSCI Brazil Capped is up to $17.77, which makes for a move of 1.29%/22.65 cents today.
Meanwhile, United States Building Permits (Mar) released today at 12:30 UTC with a figure of 1.41 million, while the previous figure was 1.55 million. Housing Starts in United States fell short of market expectations (0.4%) with a reading of -0.8%, continuing the decline from the previous figure of 7.3%. United States Building Permits came out at -8.8%, while a consensus of analysts was expecting -6%.
Japanese candlestick formations show 'Bullish Harami' is a candlestick chart indicator used for detecting reversals in an existing bear trend. It is generally indicated by a small price increase that's contained within a broader downward price movement and is commonly associated with a bearish trend coming to an end.
Other markets are also showing gains as having closed the previous session at $87.23, The Blackstone Group Inc. is up 4.07% today to currently trade at around $90.78.
At the same time, Johnson & Johnson falls 2.61% to trade around $161.34.
Also worthy of note, projections for United States Crude Oil Inventories are set for a continuation of decline with -2.46 million while previous data was 597,000; data will be released tomorrow at 14:30 UTC.
ProShares UltraShort MSCI Brazil Capped has fallen back around 48.56% over the past 9 months, from a notable high of $34.1.
