FXHighway
Long

(Update): Caterpillar builds new support base

NYSE:CAT   CATERPILLAR INC
86 2 0
Caterpillar price managed to breach above 61.8% fibonacci level and trying to build support base above it, which assists to push the price for more positive targets, waiting for our main target around 116.94.

More support comes from the EMA50 to protect the positive scenario.
get profit here ?
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Depends on your strategy and equity ,
Some retesting process might push to 102.16 before resuming the main bullish trend , waiting for longer term targets.
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