FX.co ★ Trading idea by Boeing

Good day, dear traders! I present a trading idea for CFD on Boeing.

On Monday, news came out that Boeing is suspending production of the most popular airliner 737 MAX at the beginning of the new year because of two similar disasters

We remind you that this is the first stop of the "aero-conveyor" for 20 years. 12,000 employees will be out of work. A huge number of production chains will be disrupted, related industries and US enterprises will suffer.

The decision was made after the FAA (Federal Aviation Administration) canceled the operation of the aircraft.

I propose a trading idea - to work out the reduction in the value of the asset at the breakdown of the level of $318 and then to $292.

For those who are in longs for various reasons, I recommend getting rid of these positions.

Good luck with trading and control the risks!