- Solid trading session sets up assault on pivotal resistance at $256.72; currently $2.37 away
- The lower Bollinger Band® is currently at $236.67 while the higher band is at $254.34
It will be interesting to follow how Vanguard Health Care Index Fund ETF Shares's run now faces a challenge at $256.72, which is only $2.37 away. Despite posting gains on yesterday, Vanguard Health Care ETF slid below its 5 day Simple Moving Average at $248.77 during the last session — an early indicator that a negative trend could be emerging. Vanguard Health Care ETF's upper Bollinger Band® is now at $254.34.
Technical analysis of Vanguard Health Care ETF price action suggests it is likely to undergo a short-term reversal amid broader bullish sentiment.
Trend and momentum analysis indicates that despite posting gains on yesterday, Direxion Daily Energy Bull 2X Shares slid below its 3 day Simple Moving Average at $71.2 during the last session — an early indicator that a negative trend could be emerging. Asset volatility analysis shows that Direxion Daily Energy Bull 2X Shares's lower Bollinger Band® is at $68.59, indicating that the market is oversold and fertile for new buyers. Chart analysis indicates Direxion Daily Energy Bull 2X Shares's run now faces a challenge at $73.46, which is only $1.49 away from the line. Overcoming it might send the company towards their next major resistance line— this will surely be interesting to follow.
For the time being, Direxion Daily Energy Bull 2X Shares remains flat without a clear direction.
Technical analysis shows that VanEck Vectors ETF Trust – VanEck Vectors Social Sentiment ETF's run now faces a challenge at $14.09, which is only 21 cents away and will be interesting to follow. Trend-focused traders would be interested to note that despite posting gains on yesterday, VanEck Vectors ETF Trust – VanEck Vectors Social Sentiment ETF slid below its 50 day Simple Moving Average at $13.28 during the last session — an early indicator that a negative trend could be emerging. Carrying strong bullish sentiment, VanEck Vectors ETF Trust – VanEck Vectors Social Sentiment ETF surpassed $13.64 as its key Fibonacci resistance hurdle with sights already set on the next Fib level at $14.32.
For the time being, VanEck Vectors ETF Trust – VanEck Vectors Social Sentiment ETF remains flat without a clear direction.
Fundamental indicators – data from United States concerning Crude Oil Inventories was released yesterday at 15:30 UTC. Newly published figures emphasized continued decline from last month's figure of -3.69 million to -12.58 million this month.
Upcoming fundamentals: United States Core PCE Price Index (MoM) (Oct) is expected today at 13:30 UTC.