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March 04, 2023
Yesterday at a glance: a bright session dominated by bullish sentiment helped ICLN to close 40 cents higher, while setting a $19.44 to $19.84 session range.
Meanwhile, United States ISM Non-Manufacturing PMI (Feb) released yesterday at 15:00 UTC with a figure of 55.1, while the previous figure was 55.2. Fresh CFTC Crude Oil speculative net positions data from United States came out at 224,200. United States CFTC Gold speculative net positions came out at 128,800.
IShares Trust – iShares Global Clean Energy ETF made an initial breakout above its 21 day Simple Moving Average at $19.76, a potential indicator of a newly emerging bullish phase. On the other hand, note that iShares Global Clean Energy ETF could be slowing down soon as it approaches resistance at $19.94. Of course, crossing it might suggest further gains are ahead.
Overall, looking at the technical analysis landscape, it seems iShares Global Clean Energy ETF might continue pointing upwards in the short term.
IShares Global Clean Energy ETF shows positive signs, other assets are also on par: notably, Meta Platforms rose 6.14% yesterday and closed at $174.53. Stryker went up by 3.6% yesterday, and closed at $271.53. Apple is trading around $151.03 after ending yesterday's session at $145.91 (up 3.51% today).
The fund has been trending lower for about a month. IShares Global Clean Energy ETF has fallen back around 17.92% over the past 6 months, from a notable high of $23.61.
