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April 10, 2023
Thursday at a glance: 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.
IShares Trust – 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. 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.
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 added 3.76% and closed around $104.95 Thursday. Alibaba went up by 4.25% Thursday, and closed at $102.74. Microsoft is trading around $291.6 after ending Thursday's session at $284.34 (up 2.55% today).
Data to be released today might clear up some of the market fog as United States EIA Short-Term Energy Outlook will be released tomorrow at 16:00 UTC.
IShares Global Clean Energy ETF reached a significant high of $23.61 around 7 months ago but has lost 18.76% since then.
