Big movement expected on Caterpillar Inc. after a breach of the support

Caterpillar Inc. has broken through a support line of a Channel Up and suggests a possible movement to 144.34 within the next 9 hours. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before placing a trade. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 4 days.