31.08.2016 - We are waiting for the signal to sell Caterpillar

Price of Caterpillar after breaking through the inclined support line stabilized within the range 82,50-84,25. If the price fixates below the level of 82.50, the decline will continue until 80.66 and 78.00. On the other hand, fixation higher than 84,25 will be a strong buy signal with the targets at 89.35 and 92.00. Our forecast for the near future is a negative, but we recommend to wait for the confirmation of the signal to sell.

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