17.08.2016 - The volatility of Caterpillar will increase in the coming days

Price of Caterpillar continued to rise along the inclined support line and currently consolidates below the resistance level at 84.30. In case of overcoming this level the targets will be 89.35 and 92.00. On the other hand, the breaking of the inclined support line will lead to price correction within the channel with the potential of to decrease to 78,50 and 76,00. In the medium term, growth can continue, but in the near future there is a high probability of correction.

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