- Key support level at $13.29 currently only 5 cents away
- Bollinger analysis indicates upper Band® is at $251.55
VanEck Vectors ETF Trust – VanEck Vectors Social Sentiment ETF chart analysis: VanEck Vectors ETF Trust – VanEck Vectors Social Sentiment ETF's bearish trend is facing a possible turning point at $13.29, which is only 5 cents away. Will be interesting to follow.
Analysis of Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares's recent price action suggests Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares is eyeing the $11.49 support line. Trend-focused traders would be interested to note that around $11.98, 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. Analysis based on the asset volatility indicates that Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares's upper Bollinger Band® at $12.81, suggesting a further decline is forthcoming.
Notwithstanding Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 2X Shares's appreciation in recent days, the technical outlook suggests its bullish run is now fading.
$248.77 marks the crossover point where Vanguard Health Care ETF price action falls below its 5 day Simple Moving Average. Vanguard Health Care ETF's upper Bollinger Band® is at $251.55, suggesting that a downward move may follow. Despite this, Vanguard Health Care ETF is trending down and heading towards $246.86, which is only 77 cents away now. Hitting this support line might signal a change of direction.
Despite the market lacking direction, technical chart analysis strongly suggests Vanguard Health Care ETF is positioned for a downward move in the near term.
Fundamental indicators – following a previous reading of -3.69 million, Crude Oil Inventories in United States released today at 15:30 UTC fell short of the -2.76 million figure expected by analysts with an actual reading of -12.58 million.
Upcoming fundamentals: United States Core PCE Price Index (MoM) (Oct) is expected tomorrow at 13:30 UTC.