| 
May 24, 2023
IShares Global Clean Energy ETF drops from $18.65 to $18.52, losing 12.5 cents (0.67%) today.
- United States's Crude Oil Inventories new data released of -12.46 million below its previous figure.
- Today's losses are adding to a 7 day bearish run, during which iShares Global Clean Energy ETF lost 59 cents of its value.
Following a previous reading of 5 million, Crude Oil Inventories in United States released today at 14:30 UTC fell short of the -920,000 figure expected by analysts with an actual reading of -12.46 million. United States New Home Sales (Apr) released yesterday at 14:00 UTC with a figure of 683,000, while the previous figure was 656,000.
IShares Trust – iShares Global Clean Energy ETF's lower Bollinger Band® is at $18.11, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains. IShares Global Clean Energy ETF could begin to recover as it approaches significant support, now 11 cents away from $18.41. Dipping below could be an indication that further losses are ahead.
Technical analysis indicates that iShares Global Clean Energy ETF (currently on a downtrend) might reverse course and start pointing upward in the short term.
United States Pending Home Sales is projected to outperform its last figure with 0.5%. It previously stood at -5.2%; data will be released tomorrow at 14:00 UTC. United States Initial Jobless Claims projected to come out at 250,000 — worse than previous data of 242,000; data will be released tomorrow at 12:30 UTC.
Intuit is down $28.93 from the beginning of the session and now trades around $420.87. BHP Billiton is down to $55.58, losing $2.16, after closing at $57.74 in the preceding trading session. Thermo Fisher Scientific falls 2.79% to trade around $510.46.
9 months ago iShares Global Clean Energy ETF reached a significant high of $23.61 but has consequently lost 21% since then.
