VLUE closed at $87.72 after losing 1.55% yesterday

Yesterday at a glance: a tough session dominated by bearish sentiment left VLUE $1.38 lower, while setting a $87.72 to $88.88 session range.

United States Retail Sales improved upon its previous reading of -0.7% with a new data release of 0.4%.

Nonetheless, encouraging indicators for iShares MSCI USA Value Factor ETF published earlier when United States Core Retail Sales matched projections, with new data release of 0.4%.

Amid the market gloom, United States API Weekly Crude Oil Stock came out at 3.69 million, while a consensus of analysts was expecting -1.3 million.

IShares MSCI USA Value Factor ETF made an initial break below its 5 day Simple Moving Average at $88.75, a possible indication of a forthcoming negative trend. IShares MSCI USA Value Factor ETF is currently flirting with an active Fibonacci support level around $88.06. In contrast, iShares MSCI USA Value Factor ETF's lower Bollinger Band® is at $87.04, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains. IShares MSCI USA Value Factor ETF could begin to recover as it approaches significant support, now 39 cents away from $87.33. Dipping below could be an indication that further losses are ahead.

In general, examining the technical analysis landscape, although indicators are mixed further drawbacks may be next for iShares MSCI USA Value Factor ETF.

In the meantime, negative performances are also seen in other markets, Exxon Mobil dips 2.43% yesterday and closed at $105.07. ProLogis is down to $121.25, losing $4.03, after ending the previous session around $125.28.

Other assets are showing positive performances as Alphabet added 2.68% and closed around $116.96 yesterday.

Looking ahead, ongoing depreciation may be prolonged as United States Crude Oil Inventories expected to decline to -920,000 while its preceding data was 2.95 million, data will be available today at 14:30 UTC.

In addition, United States Initial Jobless Claims is projected to outperform its last figure with 254,000, having previously been at 264,000. The figure will be published tomorrow at 12:30 UTC.

Furthermore, United States Philadelphia Fed Manufacturing Index (May) scheduled to come out tomorrow at 12:30 UTC.

IShares MSCI USA Value Factor ETF is now trading 10.09% below its 3-month high of $103.