Near Term Trend: Bullish (nearing resistance)
Fridays Close: 36.82 (+ 0.74%)
UPDATE: Last week, I covered EWZ. I suggested shorting with stops above $38.10 and with a target of $17.50,
The Brazil ETF rallied last week right along with crude oil. EWZ made it up to short-term (daily chart) correction resistance near $36.87. Longer-term resistance remains up at $38.10.
Short near $36.87 with stops above $38.10 on a daily close. Try holding until prices reach $20.