Caterpillar Wave Analysis – 17 July 2025

Caterpillar: ⬆️ Buy

– Caterpillar broke long-term resistance level 410.00

– Likely to rise to resistance level 440.00

Caterpillar recently broke above the major long-term resistance level 410.00, which has been reversing the price from the end of 2024, as can be seen from the weekly Caterpillar chart below.

The breakout of the resistance level 410.00 accelerated the active intermediate impulse wave (C) from the middle of 2025.

Given the overriding weekly uptrend and the accelerating weekly Momentum, Caterpillar can be expected to rise to the next resistance level 440.00 (target for the completion of the active intermediate impulse wave (C)).

Source: https://fxpro.news