| 
June 10, 2023
Though in the midst of an 8 day uptrend, gaining a total of 3.94%, ($3.63), Yesterday's session suggests run might be coming to an end — down on the day: iShares MSCI USA Value Factor ETF closed at $91.7 after ranging between $91.52 and $92.17.
Meanwhile, United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 172,400, while the previous figure was 162,600. United States CFTC Gold speculative net positions came out at 175,600. United States CFTC Nasdaq 100 speculative net positions released yesterday at 20:30 UTC with a figure of 8,800, while the previous figure was 8,500.
IShares MSCI USA Value Factor ETF made an initial break below its 200 day Simple Moving Average at $91.97, a possible indication of a forthcoming negative trend. Having stamped out a session range of $91.52 to $92.17, Fibonacci-inclined iShares MSCI USA Value Factor ETF traders were highly concentrated around active Fibonacci support at $91.93. IShares MSCI USA Value Factor ETF's upper Bollinger Band® is at $92.31 which indicates a further downward move may follow. In contrast, iShares MSCI USA Value Factor ETF could begin to recover as it approaches significant support, now 28 cents away from $91.42. 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 MSCI USA Value Factor ETF.
In the meantime, negative performances are also seen in other markets, ProLogis lost 2.88% yesterday and closed at $124.91.
Other assets are showing positive performances as Adobe jumps 3.41% yesterday and closed at $439.03.
Over the past 4 months, iShares MSCI USA Value Factor ETF has retreated 7.73% from a noteworthy peak of $99.54.
