| 
April 11, 2023
IShares Global Clean Energy ETF trades at $19.48 after gaining 7.5 cents (0.39%).
IShares Global Clean Energy ETF is currently trading at $19.48 following the release of EIA Short-Term Energy Outlook data from the United States.
At the same time, United States 3-Year Note Auction released today at 17:00 UTC with a figure of 3.81, while the previous figure was 4.635.
Following today's trading session, chart analysis suggests although iShares Trust – iShares Global Clean Energy ETF is appreciating today after rising as high as $19.54, price action is now slowing and consolidating around 6 cents below the $19.54 resistance level. With regards to technical trend indicators, chart analysis show that iShares Global Clean Energy ETF made an initial breakout above its 50 day Simple Moving Average at $19.52, a potential indicator of a newly emerging bullish phase. According to asset volatility analysis, iShares Global Clean Energy ETF's upper Bollinger Band® is at $19.85, this is a slight indication of a slowdown.
Notwithstanding iShares Global Clean Energy ETF's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
IShares Global Clean Energy ETF shows positive signs, other assets are also on par: BHP Billiton rallies 4.34% to trade around $62.94. Rio Tinto added 4% to its value, now trading at $69.87. Caterpillar is up 2.95%.
Moreover, macro data could boost sentiment further as United States Crude Oil Inventories is projected to outperform its last figure with -1.3 million. It previously stood at -3.74 million; data will be released tomorrow at 14:30 UTC.
The market is looking forward to the release of new data: United States Consumer Price Index is expected tomorrow at 12:30 UTC. United States Core Consumer Prices is expected tomorrow at 12:30 UTC.
IShares Global Clean Energy ETF reached a significant high of $23.61 around 8 months ago but has lost 17.79% since then.
