Yesterday at a glance: a tough session dominated by bearish sentiment left ICLN 11 cents lower, while setting a $18.66 to $19 session range.
Meanwhile, United States CFTC Nasdaq 100 speculative net positions released yesterday at 20:30 UTC with a figure of 15,700, while the previous figure was 8,800. United States CFTC S&P 500 speculative net positions came out at -331,400. Fresh CFTC Crude Oil speculative net positions data from United States came out at 155,100.
IShares Trust – iShares Global Clean Energy ETF made an initial break below its 50 day Simple Moving Average at $18.91, a possible indication of a forthcoming negative trend. IShares Global Clean Energy ETF's upper Bollinger Band® is at $18.9 which indicates a further downward move may follow. On the other hand, note that iShares Global Clean Energy ETF could begin to recover as it approaches significant support, now 15 cents away from $18.61. Dipping below could be an indication that further losses are ahead.
Overall, looking at the technical analysis landscape, it seems that although indicators are mixed and some are pointing in different directions further drawbacks may be next for iShares Global Clean Energy ETF.
In the meantime, negative performances are also seen in other markets, Toyota falls 2.28% yesterday and closed at $168.18. Walt Disney drops 1.74% yesterday and closed at $92.94.
Positive performances can be seen by looking at other markets as Bristol-Myers Squibb Company is trading around $66.16 after ending yesterday's session at $64.67 (up 2.3% today).
Trading mostly sideways for a month. IShares Global Clean Energy ETF reached a significant high of $23.61 around 10 months ago but has lost 20.08% since then.