XLF added 1.19% to close at $33.17 yesterday

A quick look at yesterday: a bright session dominated by bullish sentiment helped XLF to close 39 cents higher, while setting a $32.55 to $33.2 session range.

Meanwhile, United States Core PCE Price Index (MoM) (Mar) came out at 0.3, while a consensus of analysts was expecting 0.3. United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 236,400, while the previous figure was 244,600. Fresh CFTC Gold speculative net positions data from United States came out at 185,300.

Concerning technical analysis and more specifically, trend indicators, Financial Select Sector SPDR Fund made an initial breakout above its 10 day Simple Moving Average at $33.02, a potential indicator of a newly emerging bullish phase. Analysis based on the asset volatility indicates that Bollinger Band® analysis indicates that current price action is approaching the upper band at $33.75, thereby suggesting that Financial Select Sector SPDR Fund is becoming overvalued. A study of Financial Select Sector SPDR Fund's historical price actions shows Financial Select Sector SPDR Fund could be slowing down soon as it approaches resistance at $33.4. Of course, crossing it might suggest further gains are ahead.

Overall, while Financial Select Sector SPDR Fund has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.

Other markets are also showing gains as Mondelez International went up by 3.93% yesterday, and closed at $76.72.

At the same time, Sanofi falls 4.35% yesterday and closed at $56.09. Sony Group Corporation lost 5.7% yesterday and closed at $95.09.

The fund has been trending positively for about a month. Having set a significant high of $37 2 months ago, Financial Select Sector SPDR Fund is trading 11.41% lower.