20.05.2016 - We expect a drop in shares of Caterpillar
Price of Caterpillar continued to decline after the quotes have left the local rising channel. At the moment, the price is approaching the support level at 68.00 and its overcoming of will become the basis for the continuation of negative dynamics of price to 60.00 and 57.50. In case of correction, quotations may return to the level of 74.10. Our forecast for the medium term is positive, but in the near future, we expect the continuation of a negative price dynamics.