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June 14, 2023
Yesterday at a glance: iShares Global Clean Energy ETF recovered back to $18.72 after dipping down to $18.63, in a session that followed Monday's $18.7 close value.
IShares Global Clean Energy ETF's state is reflected by market data as United States Consumer Price Index came out at 0.1%, while a consensus of analysts was expecting 0.2%. United States Consumer Price Index released yesterday at 12:30 UTC with a figure of 4%, while the previous figure was 4.9%. Fresh Core Consumer Prices data from United States came out at 0.4%.
IShares Trust – iShares Global Clean Energy ETF made an initial break below its 21 day Simple Moving Average at $18.7, a possible indication of a forthcoming negative trend. IShares Global Clean Energy ETF's upper Bollinger Band® is at $18.91, suggesting that a downward move may follow. In contrast, iShares Global Clean Energy ETF is approaching key support, around 12 cents away from $18.6. 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 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 Toyota shoots up 5.68% yesterday and closed at $149.59. Linde added 3.11% and closed around $362 yesterday. Caterpillar went up by 3.17% yesterday, and closed at $245.44.
Data to be released today might clear up some of the market fog as United States Crude Oil Inventories is projected to outperform its last figure with 1.48 million, having previously been at -451,000. The figure will be published today at 14:30 UTC. Projections for United States Producer Price Index are set for a continuation of decline with -0.1% while previous data was 0.2%; data will be released today at 12:30 UTC. United States Retail Sales projected to decline to -0.1% while previous data was 0.4%; data will be released tomorrow at 12:30 UTC.
Trading mostly sideways for a month. IShares Global Clean Energy ETF has fallen back around 20.8% over the past 10 months, from a notable high of $23.61.
