Sun Tzu Art of War : You can be sure of succeeding in your attacks if you only attack places which are undefended. #
Typically, at least half of Australia's barely exports would be bound for China............
The tariffs, based on dumping and farm subsidy claims, would end Australia's $1.5 billion barley trade to China...... Barley is Australia's second most valuable agriculture export to China.......
In War, it is never clear and the art of staying ambiguous is what China , 5000 years of history has provided them with. It is a known fact that transparency is not THE word to use in China where media is controlled and anyone found posting negative comments about it are dealt with , sometimes in mysterious ways.
The chart tells us the constipated feeling the ASX index is feeling right now, unable to break above the resistance after so many attempts.
The price can stays within the rising channel for a while before it breaks down and this barley incident may or may not be the catalyst.