Trump from China: China would not give Iran military equipment

Speaking on a Fox Interview:

• China would not give Iran military equipment
• China agreed to order 200 “Big” Boeing jets
• Xi offered to help on Iran
• Xi said he would like to continue to buy oil from Iran.
• Does not like China support to Iran

Boeing shares have moved lower. There is some ambiguity as to if it is a firm commitment or more of a letter of intent. Also there were earlier reports that the number would be up to 500 jets.

Looking at the hourly chart, the price has moved below its 100 hour moving average at $230.97 after trading as high as $244.07. The 200 hour moving average at $225.95 is the next downside target. The price gapped above the 200 hour moving average back on April 7 and has not been below that will be average since that time.

This article was written by Greg Michalowski at investinglive.com.