A quick look at yesterday: an influx of sellers pushed the aircraft and rotorcraft manufacturer to end the session lower around $200.7, while establishing a $198.82 to $203.11 session range yesterday.

While price action maintains a negative bias, United States CFTC Crude Oil speculative net positions released yesterday at 20:30 UTC with a figure of 216,600, while the previous figure was 214,800. Fresh CFTC Gold speculative net positions data from United States came out at 195,800. United States CFTC Nasdaq 100 speculative net positions came out at 21,400.

A study of Boeing's chart reveals various key levels to watch: Boeing could begin to recover as it approaches significant support, now $2.06 away from $198.64. Dipping below could be an indication that further losses are ahead. Technical analysis trend indicators suggest that Boeing made an initial break below its 10 day Simple Moving Average at $201.2, a possible indication of a forthcoming negative trend. Yesterday's price action generated a Japanese candlestick pattern showing 'Bearish Harami' is a candlestick chart indicator used for detecting reversals within a prevailing bull trend. It is generally indicated by a small price decrease that's contained within a broader upward price movement and is commonly associated with a bullish trend coming to an end. Fibonacci-minded traders witnessed a key Fib level of $200.7 holding firm – an indicator of highly concentrated demand around this level. Analysis based on the asset volatility indicates that Boeing's lower Bollinger Band® is at $196.23, indicating that the asset has overextended to the downside and could, therefore, bounce back as buyers look for bargains.

Notwithstanding Boeing's appreciation in recent days, the technical outlook suggests its bullish run is now fading.

Boeing was not the only decliner in the industrials sector; General Electric closed at $98.8 (down 0.71%).

On the other hand, positive performances could be seen by looking at other industrials stocks as Raytheon Technologies was up 0.47%. Union Pacific was up 0.46%.

On a negative trend for around a month. Having set a significant low of $115.86 10 months ago, the aircraft and rotorcraft manufacturer is trading 74.21% higher.