| 
April 15, 2023
- Key support at $86.72 holds firm despite apparent early break
While Energy Select Sector SPDR Fund is on a 6 day bullish trend, Yesterday's session put the brakes on the ongoing uptrend — a quiet day for Energy Select Sector SPDR Fund as it remained range-bound within a $86.72 – $87.74 range before closing at $87.23.
Energy Select Sector SPDR Fund hit a significant low of $67.49 around 9 months ago, but has since recovered 29%.
A study of Energy Select Sector SPDR Fund's chart reveals various key levels to watch: Energy Select Sector SPDR Fund bounced after reaching the $86.72 support zone, climbing 51 cents above it.
Fundamental indicators – Core Retail Sales in United States fell short of market expectations (-0.3%) with a reading of -0.8%, continuing the decline from the previous figure of 0%.
While Energy Select Sector SPDR Fund was pretty flat yesterday, mixed performances were seen elsewhere as JP Morgan Chase skyrockets 7.55% yesterday and closed at $129. After ending yesterday's session at $213.59, Boeing lost $11.88 and is trading around $201.71. Notably, BlackRock rose 3.07% yesterday and closed at $670.73.
