22.04.2016 - Caterpillar correction may continue
Price of Caterpillar corrected down after failed to gain a foothold above the psychologically important resistance level at 80.00. Currently quotes are near the lower border of the local rising channel and its breaking through will be the basis for the continuation of the negative dynamics of the price to 74.00 and 68.00. In the case of overcoming 80.00, there is a possibility of further growth by 10% to 88.00. We expect price correction in the near future, but the medium-term outlook remains positive.