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No news for copper price – Analysis – 2-5-2023
No news for copper price until this moment due to the lack of the negative momentum, to notice testing the MA55 at 3.9700 and holding below it, reminding you that the stability of the additional barrier 4.0200 forms major factor to confirm the domination of the bearish bias for the upcoming trading, which allows us to wait to gather the negative momentum to manage to form new bearish waves to target the main negative stations near 3.7000 and 3.5000.
The expected trading range for today is between 3.9500 and 3.7600
The expected trend for today: Bearish
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Wheat price keeps declining – Analysis - 02-05-2023
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