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June 07, 2023
After ending Monday at $18.7, iShares Global Clean Energy ETF went up to $18.89 only to drop back to its starting point and close at $18.71.
- United States Crude Oil Inventories is next.
- While flat yesterday, iShares Global Clean Energy ETF is on a 5 day bullish trend, gaining a total of 36 cents throughout.
Earlier data releases related to iShares Global Clean Energy ETF – United States API Weekly Crude Oil Stock came out at -1.71 million, while a consensus of analysts was expecting 1.5 million.
Here is the technical analysis of iShares Global Clean Energy ETF before macro data is released:
Trend analysis indicates that iShares Trust – iShares Global Clean Energy ETF made an initial breakout above its 21 day Simple Moving Average at $18.68, a potential indicator of a newly emerging bullish phase. Analysis based on the asset volatility indicates that iShares Global Clean Energy ETF's upper Bollinger Band® is at $19.11, suggesting that a downward move may follow. A study of iShares Global Clean Energy ETF's chart reveals various key levels to watch: after reaching the $18.53 support zone, iShares Global Clean Energy ETF bounced and climbed 18 cents above it.
Overall, while iShares Global Clean Energy ETF has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
Coming up for iShares Global Clean Energy ETF — today at 14:30 UTC data for United States Crude Oil Inventories will be released, with an expected decline to 1 million from the preceding figure of 4.49 million. As things stand, upcoming United States Initial Jobless Claims data is projected to fall short of market expectations with newly published data of 238,000, following on from the preceding figure of 232,000. New data is set to be published tomorrow at 12:30 UTC.
As the markets get ready for more data to be released — Merck is down to $110, losing $3.11, after ending the previous session around $113.11. Notably, Intel rose 3.68% yesterday and closed at $29.86. Toyota soars 1.89% yesterday and closed at $145.73.
Trading mostly sideways for a month. IShares Global Clean Energy ETF has fallen back around 20.8% from the significant high of $23.61 set 9 months ago.
