Dow Jones Outlook Muddied as Commerce Talks Hit an Deadlock

Dow Jones Outlook:

• The Dow Jones gapped lower in mid-day trading following stories that the section one commerce deal has “hit a snag”
• The hitch is reportedly over agricultural purchases, which the Trump administration has beforehand mentioned China has resumed in a present of excellent religion
• Consequently, the probability of a section one deal is known as into query and the prospect of the December 15 tariffs going into impact is heightened

Dow Jones Technical Outlook Muddied as Commerce Talks Hit an Deadlock

The Dow Jones tumbled 100 factors on the again of stories that US-China commerce talks have reached an deadlock on agricultural purchases. In current weeks, President Trump has heralded China’s choice to restart purchases of US farm items as an indication of excellent religion within the ongoing negotiations. Now, nonetheless, the reported “snag” goes to indicate that the 2 sides will not be as far alongside within the negotiation course of as many market members had been led to consider and the Dow Jones might have cashed in on commerce progress that was nonexistent.

Dow Jones Worth Chart: 1 – Minute Time Body (November 13) (Chart 1)

Chart created with TradingView

Consequently, the perceived odds of a section one commerce deal have been undermined. Initially scheduled for this weekend, the preliminary assembly was cancelled as a consequence of protests in Chile and a brand new…