Near Term Trend: Neutral
As of 12/8/17 close: $39.01
UPDATE: Last week, I suggested staying short with existing shorts, looking to sell / short at $41.36 and targeting $36 for covers / longs.
The Brazil ETF finished the week basically flat after quite a bit of two-sided volatility. Staying with the call for lower prices.
If short, stay short. If not, sell bounces to $40 with stops above $40.95 and with a target of $36.