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June 24, 2023
Yesterday at a glance: iShares MSCI USA Value Factor ETF slid into the red after losing 76 cents and ending the session at $91.16.
Meanwhile, United States Services PMI came out at 54.1, while a consensus of analysts was expecting 54. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 166,500, while the previous figure was 155,100. Fresh CFTC Gold speculative net positions data from United States came out at 163,000.
IShares MSCI USA Value Factor ETF could begin to recover as it approaches significant support, now 34 cents away from $90.82. Dipping below could be an indication that further losses are ahead. Despite being in the red so far in the current trading session, iShares MSCI USA Value Factor ETF peaked above its 21 day Simple Moving Average around $91.04 — typically an early indicator of a new bullish trend beginning to emerge.
Technical analysis shows that iShares MSCI USA Value Factor ETF (currently on a downtrend) might reverse course and start going up in the short term.
In the meantime, negative performances are also seen in other markets, Toyota falls 2.37% yesterday and closed at $157.11. After ending yesterday's session at $307.25, Accenture plc Class A (Ireland) lost $8.82 and is trading around $298.43. Astrazeneca PLC lost 2.47% yesterday and closed at $73.95.
IShares MSCI USA Value Factor ETF is now trading 7.66% below the significant high of $99.54 it set around 4 months ago.
