- Key support level at $12.76 currently only 30 cents away
- Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares's upper Bollinger Band® is at $20.
Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares's bearish trend is facing a possible turning point at $12.76, which is only 30 cents away. Will be interesting to follow. Around $13.72, Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares can look to establish a new bullish phase beyond its 3 day Simple Moving Average.
Technical analysis shows that Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares (currently on a downtrend) might reverse course and start going up in the short term.
IShares J.P. Morgan USD Emerging Markets Bond ETF's run now faces a challenge at $78.5, which is only 56 cents away and will be interesting to follow. IShares J.P. Morgan USD Emerging Markets Bond ETF's CCI indicator has fallen below -100, meaning prices are unusually low compared to their long-term average.
Overall, looking at the technical analysis landscape, it seems iShares J.P. Morgan USD Emerging Markets Bond ETF is likely to reverse course and start pointing down in the short term.
Around $45.84, SPDR S&P Bank ETF can look to establish a new bullish phase beyond its 21 day Simple Moving Average. Despite this, it will be interesting to follow how SPDR S&P Bank ETF's run now faces a challenge at $46.21, which is only 42 cents away.
Overall, looking at the technical analysis landscape, it seems SPDR S&P Bank ETF might continue pointing upwards in the short term.
Upcoming fundamentals: United States Consumer Confidence expected to decline to 106.5 while its preceding data was 108, data will be available tomorrow at 14:00 UTC.