Risk aversion returned to the markets after the US notified its allies that China has signaled its readiness to provide military support to Russia. The European Union announced that it intends to ban the export of luxury goods to Russia. Currently, talks are underway on the introduction of the fourth tranche of the sanctions. According to CNBC, a full trade embargo; limiting access to international waterways, prohibitions on nickel, uranium, titanium, and Russian entities' crypto assets are among the alternatives still on the table.
US100 took a hit following the White House announcement. Index is currently heading towards major support around 13000 pts which is marked with lower limit of the 1:1 structure and February lows. Should break ower occur, downward correction may deepen. Source: xStation5
