Caterpillar Inc. is heading towards the support line of a Channel Down and could reach this point within the next 12 hours. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
A quick move expected on Caterpillar Inc. as it starts approaching a support line of a Channel Down
