GLOBAL EQUITY MARKETS – July 18, 2020
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) is testing its minor high at 77.4 levels. Last three month's price action can be identified as a rising channel. Price is trying to remain inside the trend channel and so far the price remained above the 200-day average. 77.4 levels will act as short-term resistance. Uptrend is intact. The 200-day moving average is support at 72.6 levels.
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GLOBAL EQUITY MARKETS – July 11, 2020
REVIEW
The benchmark for the Global equity markets performance, the iShares MSCI All Country World Index ETF (ACWI.O) rebounded from its 200-day moving average that was acting as support at 72.4 levels. Last two month's price action can be identified as a rising channel. Price is trying to remain inside the trend channel and so far the price remained above the 200-day average. The ETF cleared the minor high at 75.3. The next short-term resistance stands at 77.4 levels. Uptrend is intact.
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