CAT is on a downward trend that is set to continue. Volume of 2.33M was especially low at its peak on 29 July, 2020. When it rallied from the market's March 23 bottom and attained a peak price during that trend of $127.37, it had a volume of 4.86 million. The March 23 trend was too steep for it to continue given the state of CAT's fundamentals. If CAT drops below $132, it may find support at $125. If it breaks below that support level, the next support may be at around $121. The 8 June peak price of $137.92 had a volume of 4.13M. The 29 June volume is just 56% of the 8 June peak price. Both the price and the volume trend indicates that CAT is heading lower.