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May 20, 2023
Yesterday at a glance: down on the day: iShares Global Clean Energy ETF closed at $18.63 after ranging between $18.57 and $18.89.
While price action maintains a negative bias, United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 191,500, while the previous figure was 216,600. Fresh CFTC Gold speculative net positions data from United States came out at 179,800. United States CFTC Nasdaq 100 speculative net positions came out at 20,000.
Although iShares Trust – iShares Global Clean Energy ETF is down today and was as low as $18.57, it seems to be recovering slightly and climbing away from the $18.51 support line and is now 12 cents above it. Despite being in the red so far in the current trading session, iShares Global Clean Energy ETF peaked above its 21 day Simple Moving Average around $18.85 — typically an early indicator of a new bullish trend beginning to emerge. In contrast, having stamped out a session range of $18.57 to $18.89, Fibonacci-inclined iShares Global Clean Energy ETF traders were highly concentrated around active Fibonacci support at $18.61.
Technical analysis indicates that iShares Global Clean Energy ETF (currently on a downtrend) might reverse course and start pointing upward in the short term.
In the meantime, negative performances are also seen in other markets, Nike drops 3.46% yesterday and closed at $118.87. Walt Disney is down to $91.35, losing $2.41, after ending the previous session around $93.76. After ending yesterday's session at $84.49, Morgan Stanley lost $2.25 and is trading around $82.24.
IShares Global Clean Energy ETF has fallen back around 20.67% from the significant high of $23.61 set 9 months ago.
