19.02.2016 - Caterpillar price can change a negative trend to positive

Price of Caterpillar after recent decline rebounded from the support level at 60.00 has shown strong growth as a result of which broke through the upper boundary the downward channel. In the near future, growth may continue until 70.00 and consolidation above this level will become the confirmation of the signal to open long positions with targets at 75.50 and 79.00 and a stop below 66.00. We expect growth in the near future, which can be transformed into an upward medium-term trend.

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