Yesterday at a glance: a tough session dominated by bearish sentiment left BZQ $1.52 lower, while setting a $19.53 to $20.91 session range.
Amid the market gloom, United States U.S. Baker Hughes Oil Rig Count released yesterday at 18:00 UTC with a figure of 622, while the previous figure was 613. United States U.S. Baker Hughes Total Rig Count released yesterday at 18:00 UTC with a figure of 779, while the previous figure was 770. United States Michigan Consumer Sentiment (Nov) came out at 54.7, while a consensus of analysts was expecting 59.5.
ProShares UltraShort MSCI Brazil Capped made an initial break below its 50 day Simple Moving Average at $20.72, a possible indication of a forthcoming negative trend. Despite this, although ProShares UltraShort MSCI Brazil Capped is down today and was as low as $19.53, it seems to be recovering slightly and climbing away from the $20.16 support line and is now 1 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 ARK Innovation ETF is trading around $40.4 after ending yesterday's session at $37.3 (up 8.31% today). Vanguard Short-Term Bond Index Fund ETF Shares is trading around $75.12 after ending yesterday's session at $74.5 (up 0.83% today).
Also yesterday, iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF moves 0.04% yesterday and closed at $25.36.
3 months ago ProShares UltraShort MSCI Brazil Capped reached a significant high of $34.1 but has consequently lost 36.45% since then.