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April 04, 2023
- U.S. Global Jets ETF bearish trend is facing a possible turning point at $18.29
- Upper Bollinger Band® currently at $93.81
Concerning technical analysis and more specifically, trend indicators, iShares iBoxx $ Investment Grade Corporate Bond ETF's CCI indicator has broken above +100, indicating that prices are unusually high compared to the rolling average. Price action overcame a known Fibonacci resistance level at $109.47 by around 46 cents with prices hammering out a $109 – $110 session range. Analysis based on the asset volatility indicates that iShares iBoxx $ Investment Grade Corporate Bond ETF's upper Bollinger Band® is at $110.61. Analysis of iShares iBoxx $ Investment Grade Corporate Bond ETF's recent price action suggests iShares iBoxx $ Investment Grade Corporate Bond ETF's run now faces a challenge at $110.3, which is only 37 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
For the time being, iShares iBoxx $ Investment Grade Corporate Bond ETF remains flat without a clear direction.
A study of U.S. Global Jets ETF's chart reveals various key levels to watch: bearish run for U.S. Global Jets ETF is facing a possible turning point at $18.29, which is only 15 cents away. If this support line fails to hold, the next target will be at $18.15.
Technical analysis trend indicators suggest that iShares MSCI USA Value Factor ETF's CCI indicator is above +100. IShares MSCI USA Value Factor ETF is hovering above a known Fibonacci resistance level of $93.08. Asset volatility analysis shows that iShares MSCI USA Value Factor ETF's upper Bollinger Band® is now at $93.81. Technical chart analysis shows iShares MSCI USA Value Factor ETF's recent run now faces a major challenge as concentrated supply is likely found at $93.45 with price action currently 31 cents away.
For the time being, iShares MSCI USA Value Factor ETF remains flat without a clear direction.
Fundamental indicators – United States ISM Manufacturing PMI (Mar) released yesterday at 14:00 UTC with a figure of 46.3, while the previous figure was 47.7.
Upcoming fundamentals: United States Crude Oil Inventories is projected to outperform its last figure with -1.8 million, having previously been at -7.49 million. The figure will be published tomorrow at 14:30 UTC.
