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June 26, 2023
A quick look at Friday: a tough session dominated by bearish sentiment left XLI 79 cents lower, while setting a $102.91 to $103.68 session range.
Chart analysis suggests Industrial Select Sector SPDR Fund could begin to recover as it approaches significant support, now 38 cents away from $102.9. Dipping below could be an indication that further losses are ahead.
In the meantime, negative performances are also seen in other markets, Toyota is down to $153.38, losing $3.73, after ending the previous session around $157.11. After ending Friday's session at $307.25, Accenture plc Class A (Ireland) lost $8.82 and is trading around $298.43. Astrazeneca PLC dips 2.47% Friday and closed at $73.95.
Some optimism can drawn from the fact that United States Consumer Confidence is projected to outperform its last figure with 104. It previously stood at 102.3; data will be released tomorrow at 14:00 UTC.
Furthermore, United States Building Permits is expected tomorrow at 12:00 UTC. United States New Home Sales (May) will be released tomorrow at 14:00 UTC.
Industrial Select Sector SPDR Fund has fallen back around 1.47% from the significant high of $105.62 set 11 days ago.
