| 
April 29, 2023
A quick look at yesterday: a bright session dominated by bullish sentiment helped XLP to close 41 cents higher, while setting a $77.04 to $77.58 session range.
Meanwhile, United States Core PCE Price Index (MoM) (Mar) released yesterday at 12:30 UTC with a figure of 0.3, while the previous figure was 0.3. Fresh CFTC Crude Oil speculative net positions data from United States came out at 236,400. United States CFTC Gold speculative net positions released yesterday at 20:30 UTC with a figure of 185,300, while the previous figure was 189,900.
Consumer Staples Select Sector SPDR Fund chart analysis: Consumer Staples Select Sector SPDR Fund could be slowing down soon; it is getting close to the resistance line and is now at $77.67, only 23 cents away. Crossing the resistance line could, however, suggest that further gains are ahead. Trend analysis indicates that the Commodity Channel Index (CCI) indicator is above +100, meaning the market price is unusually high compared to the rolling average. Momentum evaluation shows that the Relative Strength Index indicates Consumer Staples Select Sector SPDR Fund is currently 'overbought' which suggests new gains will be harder to obtain. According to asset volatility analysis, Consumer Staples Select Sector SPDR Fund's upper Bollinger Band® is at $77.51, this is a slight indication of a slowdown.
Overall, while Consumer Staples 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 drops 4.35% yesterday and closed at $56.09. Sony Group Corporation drops 5.7% yesterday and closed at $95.09.
The fund has been trending positively for about a month. Consumer Staples Select Sector SPDR Fund hit a significant low of $66.5 around 6 months ago, but has since recovered 15.83%.
