Caterpillar amid negative outlook - Analysis - 16-08-2019

Caterpillar's stock kept falling in the short term, amid the dominance of the main downward trend in the medium and short terms, with negative pressure from the 50-day SMA, with negative signals from the RSI after trying to vent off oversold saturation. 

Therefore we expect more losses for the stock, targeting the support of 112.18, as long as the resistance of 118.71 holds on. 

Expected trend for today: Bearish