FXHighway

(Update): Caterpillar builds new support base

Long
NYSE:CAT   Caterpillar
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.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.