Big Pullbacks in China, Crude Oil Trades Sideways, Silver Heads Higher: 7 ETFs You Need to Know for Friday

Heading into the final trading day of the week, the biggest pullbacks have begun to develop in emerging markets, with funds representing markets in China and Brazil in or near oversold territory above the 200-day moving average.

Here are 7 ETFs You Need to Know for Friday

Shares of the ^FXI^ (below) have continued to sell off early in trading on Friday.

FXI chart

FXI had closed lower for two days in a row leading into Friday’s session, with both closes in oversold territory above the 200-day moving average.

Also down two in a row heading into trading on Friday is the ^HAO^. Shares of HAO have pulled back for three out of the past four trading days and are oversold above the 200-day early in Friday’s session.

The ^EWZ^ is rallying from a two-day pullback that took the fund into oversold territory on Thursday.

Increasingly overbought, the ^UYG^ has closed higher for six out of the past seven trading days heading into Friday’s session.

UYG chart

UYG last closed in oversold territory two weeks ago and has been trending higher ever since.

After a one-day dip into oversold territory, the ^SLV^ (below) has closed higher for two days in a row and is set to close higher again on Friday.

SLV chart

Prior to SLV’s pullback into oversold territory earlier this week, the fund had not closed in oversold territory since mid-March.

Crude oil continues to show a lack of momentum to the upside. Both the ^USO^ and the ^OIL^ have closed lower for three out of the past four trading days. Both funds have been largely rangebound for the past week.

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David Penn is Editor in Chief of TradingMarkets.com