• U.S. stock markets trading lower at the opening
• Caterpillar (CAT.US) extends gains
S&P500 (US500) managed to broke below the key resistance at 2505 pts and given the current uncertainty which prevails on the markets, further downside remains likely. The next support support is located at 2395.3 pts. Source: xStation5
HP (HPE.US) share price bounced off major resistance at $10.52 per share and as long as the price sits below it, the continuation of a downward trend looks more probable. The local support level can be found at $7.41 per share. Source:xStation5
Caterpillar (CAT.US) – share price soared recently and is heading towards important resistance level at $119.10 per share in an attempt to close the bearish gap. Breaking above this level may lead to a bigger upward movement towards next resistance at $130.10 which is additionally strengthen by 200 MA (red line). Source:xStation5
Daily Summary: U.S. stock indices are climbing following the PPI data
US OPEN: Wall Street Rallies on Soft PPI Data
BREAKING: US PPI comes in weaker than expected. EURUSD gains ground
Economic calendar: US PPI report and central bankers speeches in focus