- Ongoing downtrend set to be challenged at $43.24 as top of an established support zone
- VanEck Vectors Video Gaming and eSports ETF's upper Bollinger Band® is at $45.53 which indicates a further downward move may follow.
VanEck Vectors Video Gaming and eSports ETF chart analysis: VanEck Vectors Video Gaming and eSports ETF's downtrend might be halted by its support level at $43.24, which is only 53 cents away.
SPDR S&P Oil & Gas Exploration & Production ETF's run now faces a challenge at $146.44, which is only $7.49 away and will be interesting to follow. Despite being in the red so far in the current trading session, SPDR S&P Oil & Gas Exploration & Production ETF peaked above its 21 day Simple Moving Average around $152.92 — typically an early indicator of a new bullish trend beginning to emerge.
Technical analysis shows that SPDR S&P Oil & Gas Exploration & Production ETF (currently on a downtrend) might reverse course and start going up in the short term.
$13.54 marks the crossover point where VanEck Vectors ETF Trust – VanEck Vectors Social Sentiment ETF price action falls below its 10 day Simple Moving Average. VanEck Vectors ETF Trust – VanEck Vectors Social Sentiment ETF plunged below the $13.64 Fibonacci support level; next know Fib target at $13.43. Despite this, VanEck Vectors ETF Trust – VanEck Vectors Social Sentiment ETF's bearish trend is facing a possible turning point at $13.44, which is only 16 cents away. Will be interesting to follow.
Several technical indicators are adding weight to the bearish momentum seen Friday and forecasting VanEck Vectors ETF Trust – VanEck Vectors Social Sentiment ETF to extend its recent losses.