- IShares Core MSCI EAFE ETF bearish trend is facing a possible turning point at $57.16
- IShares Core MSCI EAFE ETF's upper Bollinger Band® is at $58.17.
Trend and momentum analysis indicates that iShares Core MSCI EAFE ETF made an initial foray below its 3 day Simple Moving Average around $57.42. Visual analysis of iShares Core MSCI EAFE ETF's chart shows that bearish run for iShares Core MSCI EAFE ETF is facing a possible turning point at $57.16, which is only 3 cents away. If this support line fails to hold, the next target will be at $56.39.
For the time being, iShares Core MSCI EAFE ETF remains flat without a clear direction.
$36.66 marks the crossover point where ProShares UltraShort 20+ Year Treasury price action falls below its 5 day Simple Moving Average. ProShares UltraShort 20+ Year Treasury is currently flirting with an active Fibonacci support level around $36.66. In contrast, bearish run for ProShares UltraShort 20+ Year Treasury is facing a possible turning point at $36.56, which is only 31 cents away. If this support line fails to hold, the next target will be at $36.05.
Several technical indicators are adding weight to the bearish momentum seen today and forecasting ProShares UltraShort 20+ Year Treasury to extend its recent losses.
Around $44.85, Schwab U.S. Large-Cap ETF can look to establish a new bullish phase beyond its 50 day Simple Moving Average. Despite this, Schwab U.S. Large-Cap ETF fell below the $44.67 support zone and receded 49 cents beyond it.
Overall, looking at the technical analysis landscape, it seems Schwab U.S. Large-Cap ETF might start pointing upward in the short term.
Fundamental indicators – United States Crude Oil Inventories improved upon its previous reading of -3.12 million with a new data release of 3.92 million.
Upcoming fundamentals: United States Consumer Price Index is expected tomorrow at 13:30 UTC.