- Solid trading session sets up assault on pivotal resistance at $5.79; currently 7 cents away
- Upper Bollinger Band® currently at $16.34
It will be interesting to follow how ProShares VIX Short-Term Futures ETF's run now faces a challenge at $5.79, which is only 7 cents away. Despite posting gains on yesterday, ProShares VIX Short-Term Futures ETF slid below its 3 day Simple Moving Average at $5.71 during the last session — an early indicator that a negative trend could be emerging.
Overall, looking at the technical analysis landscape, it seems ProShares VIX Short-Term Futures ETF is likely to reverse course and start pointing down in the short term.
VanEck Vectors ETF Trust – VanEck Vectors Social Sentiment ETF's upper Bollinger Band® is at $16.34. VanEck Vectors ETF Trust – VanEck Vectors Social Sentiment ETF's run now faces a challenge at $16.08, which is only 7 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
Despite basking in an uptrend and bullish intraday sentiment, chart analysis indicates VanEck Vectors ETF Trust – VanEck Vectors Social Sentiment ETF is set for a reversal in the coming days.
Around $67, iShares Core MSCI EAFE ETF can look to establish a new bullish phase beyond its 10 day Simple Moving Average. Despite this, iShares Core MSCI EAFE ETF's run now faces a challenge at $67.21, which is only 10 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
Overall, looking at the technical analysis landscape, it seems iShares Core MSCI EAFE ETF might continue pointing upwards in the short term.
Fundamental indicators – United States Consumer Price Index released today at 12:30 UTC with a figure of 0.1%, while the previous figure was 0.4%.
Upcoming fundamentals: United States Crude Oil Inventories is projected to outperform its last figure with 1.48 million, having previously been at -451,000. The figure will be published tomorrow at 14:30 UTC.