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May 04, 2023
After closing the previous trading day at $18.16, iShares Global Clean Energy ETF is up to $18.45, which makes for a move of 1.62%/29.5 cents today.
On the flip side, following a previous reading of 229,000, Initial Jobless Claims in United States released today at 12:30 UTC fell short of the 240,000 figure expected by analysts with an actual reading of 242,000. Highly important Crude Oil Inventories data from United States beat analyst expectations of -1.1 million with a reading of -1.28 million.
Meanwhile, United States Interest Rate released yesterday at 18:00 UTC with a figure of 5.25, while the previous figure was five.
Trend analysis indicates that the Commodity Channel Index (CCI) indicator is below -100, meaning the market price is unusually low and below its rolling moving average. Technical analysis indicates that a new, strong downtrend could be forthcoming with short positions favored. Analysis based on the asset volatility indicates that iShares Global Clean Energy ETF's lower Bollinger Band® is at $18.07, indicating that the market is oversold and fertile for new buyers.
All in all, the technical analysis suggests iShares Global Clean Energy ETF has no clear-cut direction.
At the same time, JP Morgan Chase is down to $134.89, losing $1.09, after closing at $135.98 in the preceding trading session. Stryker closed at $285.12 (down 0.7%). Eli Lilly and Company withdraws 0.57% to trade around $428.71.
Furthermore, the market is looking at tomorrow at 12:30 UTC data for United States Non Farm Payrolls will be released, with an expected decline to 180,000 from the preceding figure of 236,000. Tomorrow at 12:30 UTC data for United States Unemployment Rate will be released, with an expected decline to 3.6 from the preceding figure of 3.5.
IShares Global Clean Energy ETF has shed 10.45% over the past three months.
