Aurora Cannabis currently down 1.65% halfway through today

While bearish sentiment is dominating the market, the Canadian cannabis producer is maintaining its poise around 53.07 cents while ranging between 52.51 cents and 56 cents so far today.

United States's Crude Oil Inventories new data released of -451,000 below its previous figure.

Highly important Crude Oil Inventories data from United States beat analyst expectations of 1 million with a reading of -451,000.

Amid the market gloom, United States Cushing Crude Oil Inventories came out at 1.72 million, while a consensus of analysts was expecting 719,000. United States Trade Balance (Apr) released today at 12:30 UTC with a figure of -74.6 billion, while the previous figure was -60.6 billion.

Despite being in the red so far in the current trading session, Aurora Cannabis Inc. peaked above its 10 day Simple Moving Average around 54.199 cents — typically an early indicator of a new bullish trend beginning to emerge. Aurora Cannabis could begin to recover as it approaches significant support, now 2 cents away from 51.52 cents. Dipping below could be an indication that further losses are ahead.

Despite suffering losses in today's session, technical analysis is indicating that Aurora Cannabis will undergo a significant bounce in the immediate term.

In the meantime, negative performances are also seen in other health care stocks as Novo Nordisk is down 1.95% from the beginning of the session and now trades around $157.62. After closing the previous session (yesterday) at $315.72, Intuitive Surgical lost $7.39 and is trading around $308.33.

Positive performances can be seen by looking at other health care stocks as Pfizer is up 1.69%.

Looking ahead, ongoing depreciation may be prolonged as United States Initial Jobless Claims projected to decline to 235,000 while previous data was 232,000; data will be released tomorrow at 12:30 UTC.

Aurora Cannabis hit a significant low of 50.36 cents around 6 days ago, but has since recovered 7.15%.