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April 07, 2023
A quick look at yesterday: a quiet day for iShares Global Clean Energy ETF as it remained range-bound within a $19.06 – $19.24 range before closing at $19.22.
United States Non Farm Payrolls is next today at 12:30 UTC.
Uncertainty around iShares Global Clean Energy ETF is reflected by published market data as highly important Initial Jobless Claims data from United States beat analyst expectations of 200,000 with a reading of 228,000. United States Reserve Balances with Federal Reserve Banks released yesterday at 20:30 UTC with a figure of 3.38 trillion, while the previous figure was 3.40 trillion. United States Fed's Balance Sheet released yesterday at 20:30 UTC with a figure of 8.63 trillion, while the previous figure was 8.71 trillion.
IShares Trust – iShares Global Clean Energy ETF is approaching key support, around 22 cents away from $19. Dipping below could indicate further losses are ahead while a failure to break below this level is likely to be seen positively by market bulls. IShares Global Clean Energy ETF made an initial breakout above its 21 day Simple Moving Average at $19.12, a potential indicator of a newly emerging bullish phase.
Despite muted price action in iShares Global Clean Energy ETF, chart analysis indicates it is positioned for a bullish run in the short term.
While iShares Global Clean Energy ETF was pretty flat yesterday, mixed performances were seen elsewhere as Alphabet is trading around $108.9 after ending yesterday's session at $104.95 (up 3.76% today). Alibaba surges 4.25% yesterday and closed at $98.55. Microsoft is trading around $291.6 after ending yesterday's session at $284.34 (up 2.55% today).
Data to be released Monday might clear up some of the market fog as today at 12:30 UTC data for United States Non Farm Payrolls will be released, with an expected decline to 239,000 from the preceding figure of 311,000. United States Unemployment Rate is expected today at 12:30 UTC.
IShares Global Clean Energy ETF reached a significant high of $23.61 around 7 months ago but has lost 18.76% since then.
