XLP closed at $77.12 after gaining 0.39% yesterday

Yesterday at a glance: Consumer Staples Select Sector SPDR Fund recovered from the previous trading session's losses and went up to $77.12 yesterday after it traded lower at $76.74.

At the same time, United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 216,600, while the previous figure was 214,800. United States CFTC Gold speculative net positions came out at 195,800. Fresh CFTC Nasdaq 100 speculative net positions data from United States came out at 21,400.

Technical analysis trend indicators suggest that Consumer Staples Select Sector SPDR Fund made an initial breakout above its 10 day Simple Moving Average at $76.96, a potential indicator of a newly emerging bullish phase. Asset volatility analysis shows that Bollinger Band® analysis indicates that current price action is approaching the upper band at $77.7, thereby suggesting that Consumer Staples Select Sector SPDR Fund is becoming overvalued. A study of Consumer Staples Select Sector SPDR Fund's chart reveals various key levels to watch: Consumer Staples Select Sector SPDR Fund could be slowing down soon as it approaches resistance at $77.27. Of course, crossing it might suggest further gains are ahead.

All in all, the technical analysis suggests Consumer Staples Select Sector SPDR Fund has no clear-cut direction.

Consumer Staples Select Sector SPDR Fund shows positive signs, other assets are also on par: NextEra Energy is trading around $77.96 after ending yesterday's session at $76.1 (up 2.44% today).

Meanwhile, Diageo is down to $178.22, losing $4.72, after ending the previous session around $182.94. Alibaba is down to $85.34, losing $2.55, after ending the previous session around $87.89.

The fund has been trending positively for about 2 months. 12 days ago Consumer Staples Select Sector SPDR Fund reached a significant high of $77.5 but has consequently lost 0.88% since then.