- Bullish session prepares challenge of $85.43 level, currently 57 cents above current price of $84.86
- Upper Bollinger Band® currently at $141.23
Around $84.31, iShares U.S. Real Estate ETF can look to establish a new bullish phase beyond its 10 day Simple Moving Average. Despite this, iShares U.S. Real Estate ETF's run now faces a challenge at $85.43, which is only 57 cents away and will be interesting to follow.
Overall, looking at the technical analysis landscape, it seems iShares U.S. Real Estate ETF might continue pointing upwards in the short term.
United States Oil Fund LP made an initial foray below its 5 day Simple Moving Average around $71.43. In contrast, $70.26 is only 58 cents away for United States Oil Fund LP and might put a stop to its current downtrend.
Looking forward, United States Oil Fund LP is poised to extend its strong downtrend and continue declining.
A study of Vanguard Extended Market ETF's historical price actions shows Vanguard Extended Market ETF's run now faces a challenge at $140.04, which is only 47 cents away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow. With regards to technical trend indicators, chart analysis show that around $139.33, Vanguard Extended Market ETF can look to establish a new bullish phase beyond its 200 day Simple Moving Average. Vanguard Extended Market ETF is hovering above a known Fibonacci resistance level of $139.36. Asset volatility analysis shows that Vanguard Extended Market ETF's upper Bollinger Band® is at $141.23.
For the time being, Vanguard Extended Market ETF remains flat without a clear direction.
Fundamental indicators – United States Building Permits (Mar) came out at 1.41 million, while a consensus of analysts was expecting 1.45 million.
Upcoming fundamentals: United States Crude Oil Inventories projected to come out at -2.46 million — worse than previous data of 597,000; data will be released tomorrow at 14:30 UTC.