The Dow Jones Index in the struggle continued near its five -week low levels on Tuesday, the escalating pressure created by window fears in renewable global trade. The index decreased by 0.2 % at the time of writing this report, with the level of 43363 points, a day after US President Donald Trump announced that the definitions against Canada and Mexico will move forward after the extinction of a 30 -day initial pause.
Investors are increasing from the escalating scale of the tariff war, as the affected countries are expected to be divided. In addition, there is a new round of definitions against cars, medicines and semi -conductors in the pipeline and is scheduled to take action as of April 2. This may attract more countries, which expands risk factors for the global economy.
The sour feeling spreads through the industries of difference, as seen by the sharp declines of the main indicators. Dow Jones (indexdjx: .Dji) and S&P 500 decreased by 2.6 % and 2.4 %, respectively, last month, while the Nasdaq Stock Exchange decreased by 3.6 % in the same period.
Meanwhile, the American consumer index fell sharply in February from 105.3 to 98.3 in January, indicating a possible problem for the world’s largest economy. New home sales data will be shown on Wednesday, and this will expand from the viewpoint of the American economy. Soft data from this front can add the declining pressure to the Dow Jones index.
Dow Jones Index expectations
The Dow Jones Index Pivot Mark brand is 43,810 points and less than the sellers -governing level signals. The index is likely to move down and find the first support at 43200. The spanning momentum may lead to a decrease in the procedure to the second support at 42,810.
Instead, the transition above 43,810 points will turn the momentum into the upper direction. In this case, the first resistance is likely to be at 44,200 points, after which the negative narration will be invalid. Also, this momentum can enhance momentum and lead to more gains to test the second resistance at 44690 points.
