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After testing 205.47 numerous times, Caterpillar Inc. is once again approaching this price point. Can we expect a bearish trend to follow?

The movement of Caterpillar Inc. towards 205.47 price line is yet another test of the line it reached numerous times in the past. We could expect this test to happen in the next 2 days, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current lines.

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US30 – approaching a price line that has been previously tested numerous times in the past

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We expect a $121.238 movement on CL within the next 48 hours.

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