June 4, 2012

CATERPILLAR Chart Analysis

  • Caterpillar breaking support levels. 86.25 was a crucial support level which is broken.
  • Price is approaching an important weekly trend line which may act as support.
  • Price has broken below Golden ratio and is moving towards 78.6%. If the up trend line or 78.6% does not hold price may fall towards 67 levels.

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