Near Term Trend: Bullish / Neutral
As of 10/13/17 close: 43.34
UPDATE: Last week, I suggested covering shorts and considering flipping to the long side down at $40.62.
The predictability in crude oil futures has temporarily dissipated. Thus, the idea of waiting for crude to drop to cover Brazil equity shorts is no longer as solid a play as it seemed. Still, though, I think shorts can be exited at $40.62.
Cover EWZ shorts and get long at $40.62.