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May 13, 2023
A quick look at yesterday: iShares iBoxx $ Investment Grade Corporate Bond ETF slid down from $109 to $108.32, taking a 68 cents loss (0.61%)
Meanwhile, United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 216,600, while the previous figure was 214,800. Fresh CFTC Gold speculative net positions data from United States came out at 195,800. United States CFTC Nasdaq 100 speculative net positions released yesterday at 20:30 UTC with a figure of 21,400, while the previous figure was 13,300.
IShares iBoxx $ Investment Grade Corporate Bond ETF made an initial break below its 50 day Simple Moving Average at $108.42, a possible indication of a forthcoming negative trend. In contrast, iShares iBoxx $ Investment Grade Corporate Bond ETF could begin to recover as it approaches significant support, now 26 cents away from $108.06. Dipping below could be an indication that further losses are ahead.
Several technical indicators are adding weight to the bearish momentum seen yesterday and forecasting iShares iBoxx $ Investment Grade Corporate Bond ETF to extend its recent losses.
In the meantime, negative performances are also seen in other markets, Diageo is down to $178.22, losing $4.72, after ending the previous session around $182.94. Alibaba lost 2.9% yesterday and closed at $87.89.
Other assets are showing positive performances as NextEra Energy surges 2.44% yesterday and closed at $76.1.
Having set a significant low of $99.2 6 months ago, iShares iBoxx $ Investment Grade Corporate Bond ETF is trading 9.87% higher.
