| 
April 06, 2023
A quick look at today: after dipping down to $20.41, ProShares UltraShort MSCI Brazil Capped regained earlier losses and reaches $20.53.
Nevertheless, United States Initial Jobless Claims released earlier showed a marked improvement to 228,000 from the preceding data of 246,000, but fell short of the 200,000 figure forecast by a consensus of market analysts. Highly important Crude Oil Inventories data from United States beat analyst expectations of -2.33 million with a reading of -3.74 million.
At the same time, United States ISM Non-Manufacturing PMI (Mar) released yesterday at 14:00 UTC with a figure of 51.2, while the previous figure was 55.1.
ProShares UltraShort MSCI Brazil Capped's lower Bollinger Band® is at $19.25, indicating that the market is oversold and fertile for new buyers. On the other hand, note that after reaching the known resistance zone beginning at $20.66, ProShares UltraShort MSCI Brazil Capped price action retreated approximately 13 cents.
Overall, looking at the technical analysis landscape, it seems ProShares UltraShort MSCI Brazil Capped might continue pointing upwards in the short term.
Other markets are also showing gains as notably, Alphabet rose 3.76% today and closed at $104.95. Alibaba rallies 4.25% today and closed at $98.55. Microsoft is trading around $291.6 after ending today's session at $284.34 (up 2.55% today).
Furthermore, the market is looking at projections for United States Non Farm Payrolls are set for a continuation of decline with 239,000 while previous data was 311,000; data will be released tomorrow at 12:30 UTC.
Furthermore, the market is looking at United States Unemployment Rate figure is projected at 3.6. It previously stood at 3.6; data will be released tomorrow at 12:30 UTC.
ProShares UltraShort MSCI Brazil Capped has fallen back around 40.44% from the significant high of $34.1 set 8 months ago.
