IShares iBoxx $ Investment Grade Corporate Bond ETF is growing its six-day winning streak by closing at $110.07, gaining 14 cents.

Yesterday at a glance: iShares iBoxx $ Investment Grade Corporate Bond ETF recovered from the previous trading session's losses and went up to $110.07 yesterday after it traded lower at $109.29.

Meanwhile, United States JOLTs Job Openings (Feb) released yesterday at 14:00 UTC with a figure of 9.93 million, while the previous figure was 10.56 million. United States API Weekly Crude Oil Stock came out at -4.35 million, while a consensus of analysts was expecting -1.8 million. United States Factory Orders fell short of the -0.5% projections, with new data of -0.7%.

Despite posting gains on yesterday, iShares iBoxx $ Investment Grade Corporate Bond ETF slid below its 3 day Simple Moving Average at $109.39 during the last session — an early indicator that a negative trend could be emerging. IShares iBoxx $ Investment Grade Corporate Bond ETF's upper Bollinger Band® is at $110.73, this is a slight indication of a slowdown. Although iShares iBoxx $ Investment Grade Corporate Bond ETF is appreciating today after rising as high as $110.2, price action is now slowing and consolidating around 35 cents below the $110.42 resistance level. In contrast, price action overcame a known Fibonacci resistance level at $109.47 by around 60 cents with prices hammering out a $109.29 – $110.2 session range.

Technical analysis of iShares iBoxx $ Investment Grade Corporate Bond ETF price action suggests it is likely to undergo a short-term reversal amid broader bullish sentiment.

Meanwhile, after ending yesterday's session at $229.87, Caterpillar lost $12.42 and is trading around $217.45. Deere & Company is down to $397.66, losing $17.34, after ending the previous session around $415. After ending yesterday's session at $87.16, Morgan Stanley lost $2.34 and is trading around $84.82.

Yesterday's gains have given market bulls further impetus to expect strong macro data going forward, such as United States Crude Oil Inventories is projected to outperform its last figure with -2.33 million. It previously stood at -7.49 million; data will be released today at 14:30 UTC.

The market is looking forward to the release of new data: United States ADP Nonfarm Employment Change (Mar) is expected today at 12:15 UTC. United States ISM Non-Manufacturing PMI (Mar) scheduled to come out today at 14:00 UTC.

IShares iBoxx $ Investment Grade Corporate Bond ETF hit a significant low of $99.2 around 5 months ago, but has since recovered 10.82%.