28.12.2015 - Caterpillar shares may continue to drop

Price of Caterpillar after reaching the level of 70.00 and the upper boundary of the downward channel, resumed reduction and in case of the continuation of the negative dynamics and breaking through 68.00, will be able to return to local minimums around 64.00. On the other hand fixing above 70,00, will be the basis for further growth to 72.00 and 76.00. Our medium-term outlook remains negative and we are waiting for the fall in the near future to 64.00 and 63.00.

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