- VanEck Vectors ETF Trust – VanEck Vectors Social Sentiment ETF bearish trend is facing a possible turning point at $13.69
- The upper Bollinger Band® of Vanguard Short-Term Inflation-Protected Securities ETF is at $48.13.
Bearish run for VanEck Vectors ETF Trust – VanEck Vectors Social Sentiment ETF is facing a possible turning point at $13.69, which is only 15 cents away. If this support line fails to hold, the next target will be at $13.4. VanEck Vectors ETF Trust – VanEck Vectors Social Sentiment ETF made an initial foray below its 21 day Simple Moving Average around $13.55. Weighed down by bearish sentiment, VanEck Vectors ETF Trust – VanEck Vectors Social Sentiment ETF fell below $13.64 as its key Fibonacci support level with market bears already setting their sights on next Fib support at $13.43.
Several technical indicators are adding weight to the bearish momentum seen yesterday and forecasting VanEck Vectors ETF Trust – VanEck Vectors Social Sentiment ETF to extend its recent losses.
$76.16 marks the crossover point where Consumer Staples Select Sector SPDR Fund price action falls below its 10 day Simple Moving Average. On the other hand, note that a "Bullish Engulfing" pattern which occurs when a larger green candle engulfs a smaller red candle, at the bottom of a prevailing downtrend. Typically this is a signal of higher prices in the near term. Consumer Staples Select Sector SPDR Fund's downtrend might be halted by its support level at $75.79, which is only 43 cents away.
Several technical indicators are adding weight to the bearish momentum seen yesterday and forecasting Consumer Staples Select Sector SPDR Fund to extend its recent losses.
Chart analysis suggests bearish run for Vanguard Short-Term Inflation-Protected Securities ETF is facing a possible turning point at $48.06, which is only 9 cents away. If this support line fails to hold, the next target will be at $47.91. With regards to technical trend indicators, chart analysis show that $47.94 marks the crossover point where Vanguard Short-Term Inflation-Protected Securities ETF price action falls below its 5 day Simple Moving Average. Vanguard Short-Term Inflation-Protected Securities ETF is currently flirting with an active Fibonacci support level around $48.05.
For the time being, Vanguard Short-Term Inflation-Protected Securities ETF remains flat without a clear direction.
Fundamental indicators – United States ISM Non-Manufacturing PMI (Nov) came out at 56.5, while a consensus of analysts was expecting 53.3.
Upcoming fundamentals: United States Crude Oil Inventories is projected to outperform its last figure with -3.88 million, having previously been at -12.58 million. The figure will be published tomorrow at 15:30 UTC.