ICLN closed at $18.63 after gaining 1.91% yesterday

Yesterday at a glance: with a daily low of $18.32, iShares Global Clean Energy ETF closed yesterday at $18.63, after ending Thursday at $18.28 and gaining 35 cents (1.91%).

Uptick comes while some more positive signs for iShares Global Clean Energy ETF are out as United States Average Hourly Earnings improved upon its previous reading of 0.3% with a new data release of 0.5%. Highly important Non Farm Payrolls data from United States beat analyst expectations of 180,000 with a reading of 253,000. United States Unemployment Rate improved upon its previous reading of 3.5 with a new data release of 3.4.

IShares Trust – iShares Global Clean Energy ETF could be slowing down soon; it is getting close to the resistance line and is now at $18.74, only 11 cents away. Crossing the resistance line could, however, suggest that further gains are ahead. Despite posting gains on yesterday, iShares Global Clean Energy ETF slid below its 5 day Simple Moving Average at $18.37 during the last session — an early indicator that a negative trend could be emerging. Despite this, price action overcame a known Fibonacci resistance level at $18.61 by around 2 cents with prices hammering out a $18.32 – $18.64 session range.

Despite basking in an uptrend and bullish intraday sentiment, chart analysis indicates iShares Global Clean Energy ETF is set for a reversal in the coming days.

IShares Global Clean Energy ETF shows positive signs, other assets are also on par: Apple added 4.69% and closed around $165.79 yesterday. Walt Disney is trading around $100.52 after ending yesterday's session at $97.45 (up 3.15% today). BHP Billiton leaps up 4.49% yesterday and closed at $58.18.

Approximately 8 months ago, iShares Global Clean Energy ETF reached a significant high of $23.61 but has struggled to hold onto its gains and declined 22.58% since then.