Today at a glance: bearish sentiment ensured iShares Global Clean Energy ETF finished today's session lower. However, despite the downward bias, iShares Global Clean Energy ETF etched out a distinct $19.3 to $19.8 session range.
New United States Crude Oil Inventories improved upon the previous -3.12 million figure while also exceeding analyst expectations with a reading of 3.92 million.
On the flip side, United States Crude Oil Inventories improved upon its previous reading of -3.12 million with a new data release of 3.92 million.
While price action maintains a negative bias, United States 10-Year Note Auction released today at 18:00 UTC with a figure of 4.14, while the previous figure was 3.93. Fresh Cushing Crude Oil Inventories data from United States came out at -923,000.
With regards to technical trend indicators, chart analysis show that investors are seeking long positions as iShares Trust – iShares Global Clean Energy ETF price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Analysis based on the asset volatility indicates that iShares Global Clean Energy ETF's upper Bollinger Band® is at $19.69 which indicates a further downward move may follow. Technical chart analysis shows iShares Global Clean Energy ETF could begin to recover as it approaches significant support, now 9 cents away from $19.23. Dipping below could be an indication that further losses are ahead.
Overall, while iShares Global Clean Energy ETF has been on an uptrend, technical indicators suggest that it has no obvious direction for the immediate future.
In the meantime, negative performances are also seen in other markets, Walt Disney is down to $86.75, losing $13.15, after ending the previous session around $99.9. After ending today's session at $22.48, KraneShares CSI China Internet ETF lost $1.57 and is trading around $20.91.
Also today, a flat day for iShares Trust – iShares iBonds Dec 2021 Term Treasury ETF, closing at $25.35.
Furthermore, United States Consumer Price Index is expected tomorrow at 13:30 UTC. United States Core Consumer Prices is expected tomorrow at 13:30 UTC. United States Consumer Price Index figure is projected at 8%. It previously stood at 8.2%; data will be released tomorrow at 13:30 UTC.
IShares Global Clean Energy ETF has shed 13.73% over the past three months.