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April 08, 2023
Thursday at a glance: iShares Global Clean Energy ETF was steady Thursday maintaining a $19.06 – $19.24 range before closing at $19.22.
Uncertainty around iShares Global Clean Energy ETF is reflected by published market data as highly important Unemployment Rate data from United States beat analyst expectations of 3.6 with a reading of 3.5. United States Non Farm Payrolls published yesterday at 12:30 UTC came out at 236,000, falling short of the 239,000 projections and continuing its decline from the previous 326,000 figure. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 226,100, while the previous figure was 181,100.
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 Thursday, mixed performances were seen elsewhere as Alphabet went up by 3.76% Thursday, and closed at $108.9. Alibaba surges 4.25% Thursday and closed at $98.55. Microsoft added 2.55% and closed around $284.34 Thursday.
Having set a significant high of $23.61 7 months ago, iShares Global Clean Energy ETF is trading 18.76% lower.
