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March 09, 2023
A quick look at yesterday: iShares Global Clean Energy ETF recovered back to $19.76 after dipping down to $19.55, in a session that followed Tuesday's $19.74 close value.
United States Initial Jobless Claims is next.
IShares Global Clean Energy ETF's state is reflected by market data as following a previous reading of 1.17 million, Crude Oil Inventories in United States released yesterday at 15:30 UTC fell short of the 395,000 figure expected by analysts with an actual reading of -1.69 million. United States JOLTs Job Openings (Jan) released yesterday at 15:00 UTC with a figure of 10.82 million, while the previous figure was 11.23 million. United States ADP Nonfarm Employment Change (Feb) came out at 242,000, while a consensus of analysts was expecting 200,000.
IShares Trust – iShares Global Clean Energy ETF made an initial break below its 21 day Simple Moving Average at $19.64, a possible indication of a forthcoming negative trend. IShares Global Clean Energy ETF's upper Bollinger Band® is at $20.16, suggesting that a downward move may follow. In contrast, iShares Global Clean Energy ETF is oscillating around the $19.61 level serving as support.
Despite the market lacking direction, technical chart analysis strongly suggests iShares Global Clean Energy ETF is positioned for a downward move in the near term.
While iShares Global Clean Energy ETF was pretty flat yesterday, mixed performances were seen elsewhere as Merck lost 2.69% yesterday and closed at $111.27. AbbVie is down to $149.6, losing $3.33, after ending the previous session around $152.93. NVIDIA went up by 3.83% yesterday, and closed at $241.81.
Data to be released today might clear up some of the market fog as projections for United States Non Farm Payrolls are set for a continuation of decline with 205,000 while previous data was 517,000; data will be released tomorrow at 13:30 UTC. United States Initial Jobless Claims expected to decline to 195,000 while its preceding data was 190,000, data will be available today at 13:30 UTC. United States Unemployment Rate figure is projected at 3.4. It previously stood at 3.4; data will be released tomorrow at 13:30 UTC.
IShares Global Clean Energy ETF has fallen back around 16.39% over the past 6 months, from a notable high of $23.61.
