13.01.2016 - The fall of Caterpillar is likely to continue

Caterpillar's stock price after a strong decline approached the level of 60.00 and now is consolidating near the lower limit of the downward channel. At the moment, there is a possibility of rebound of the price upwards to the levels 63.00, 66.00 and 68.00. A more likely scenario is fixing of price below 63.00, and the continuation of negative dynamics to levels of 56.00 and 52.00. We expect a decline in the medium term.

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