Since the opening of trading at 9 a.m. this morning, the decline in two hours has been no less than the decline in the same period the previous morning.

Looking at such a rapid trend, many people thought the same as Li Xin, thinking that there would be a falling limit today, but at this time, the decline in prices slowed down.

At 11:07, the price was pulled to 52,430 yuan, and then it started a shock for more than half an hour, and at 11:30 in the morning, the price was 52,300 yuan at the close.

Yesterday and the day before yesterday, the trend of futures copper prices has a common feature, that is, in the process of fierce games between long and short, the price is gradually lowering. At the close of 11:30 a.m., prices were near the lowest point of the morning. And in the process of this gradual decline in prices, the psychological pressure and financial pressure on the bulls are increasing. After the opening of the market at 1:30 p.m. yesterday and the day before yesterday, there was a wave of rapid diving in prices. Li Xin judged that the process was caused by many bulls who could not withstand the pressure of funds and stopped the loss and left the market.

This morning's price trend is the same as yesterday's and the day before yesterday's price trend, after the opening of the market, the price is also gradually lower, and the price closed near the lowest point of the morning in the morning. Does this indicate that there will be another wave of selling and closing momentum when the market opens at 1:30 p.m.? If that is the case, the price is likely to be beaten down by a large margin, and another downward limit can be expected.

However, after the opening of the market at 1:30 p.m., the price trend made Li Xin a little disappointed. The price did not fall after the opening, but rose, and the price rose to 52,540 yuan after 8 minutes.

Subsequently, the price began to fluctuate gradually lower from this position, and by 1:50 p.m., the price fell to 52,390 yuan.

Perhaps some bulls saw that the price had finally risen by more than 200 points from the closing position in the morning, and in the blink of an eye, the price was beaten down by the bears, so they thought that it was difficult for the price to rise again, so there was another wave of selling and closing positions.

By 1:58 p.m., the price was quickly hit to 51,900 yuan. This price hit a new low, and it fell below the integer mark of 52,000 yuan.

In the half hour after the afternoon opened, the price fell by more than 500 yuan from the high point to the low point, and such a rapid downward trend made Li Xin look forward to the price going straight to the falling limit.

But at this moment, there was another wave of rapid buying. More than 20 minutes later, at 2:25, the price was quickly pulled to 52,500 yuan. This wave of rallies has recouped all the losses of half an hour ago.

After 2:30 p.m., the price did not continue to rise, but began to fluctuate and fall again, and by the time it closed, the price closed at 52,000 yuan.

Today's K-line chart is a big black line, down 1350 yuan compared with yesterday, a decline of 2.53% is not small, but compared with Li Xin's expected fall limit, there is still a long way to go.

Especially the trend after 1:30 p.m. made Li Xin a little puzzled: it had already hit a new low in the morning, but the trend in the afternoon was a little unsatisfactory. If the trend in the morning is that the selling orders are dominant and the price is falling steadily, then the trend after 1:30 p.m. seems to be that the forces of the bulls and bears have begun to balance. It's just that there is one point that the power of bulls to buy dips seems to be somewhat dispersed, not like the main funds.

Because if the main force of the bulls starts to resist at a low level, it should not only pull such a little space, nor should it be easily beaten down by the bears.

Yes, this is not like the main force of the bulls at a low level, but like a part of the bears can't help but start to win and leave the market at a low level.

If that is the case, it means that the camp of the bears seems to be somewhat divided in this position.

But it shouldn't be, the day before yesterday plummeted to the trend of the fall limit board for the time being, let's just say that yesterday's trend, compared with the day before yesterday, still rose by 170 yuan, it is in this case, yesterday afternoon's trend shows that the bears still have a strong degree of pressure.

Yesterday afternoon, the bears suppressed the intensity was very strong, why is the trend in the afternoon so tangled when there is a huge black candle today, the decline is greater than yesterday's?

What makes Li Xin feel a little unbelievable is that the London copper price, which has been following the sharp decline in domestic futures copper prices today, began to rise gradually after hitting a new low of $6,627 at 4:30 p.m.

By 9:35 p.m., the price of copper in London had soared to $6,985. This is a significant increase of 2.79% compared to yesterday's close.

Yesterday's new low of $6,627 at 4:30 p.m. was a sharp drop of 2.47% compared to the closing price of the previous trading day.

This kind of intraday roller coaster market is obviously a bottoming out trend, which is completely contrary to the sharp decline in domestic copper prices.

Although there is still some time before the 2 o'clock closing at night, this trend has already made Li Xin feel a little dangerous.

Thinking that the trend of domestic futures copper prices this afternoon is completely different from the trend of yesterday and the day before yesterday, the faint worry in Li Xin's heart began to emerge again.

Fortunately, as time went on, the price of copper in London spiked higher and then gradually retreated, closing at $6,780 at 2 o'clock in the evening, which is a slight decrease of 0.22% compared to yesterday's closing price.

Although the London copper price also fell by the time it closed, it was completely disproportionate to the decline of 1,350 yuan or 2.50% in the domestic copper price. Although this candlestick chart is a black candlestick, the solid part of the black candlestick is very narrow, but the upper and lower shadows are particularly long. Even if you don't look at the tick chart, it is obvious from this candlestick chart alone that the London copper price has fluctuated quite a lot today, and there is a bottoming out posture.

Such a sharp fluctuation at such a low price is a bit abnormal in itself, and it is even more unusual if this fluctuation is compared in the context of a sharp decline in domestic copper prices.

Yesterday afternoon, the domestic copper price closed at 52,000 yuan, this price is not far from the integer mark of 50,000 yuan, and now the trend of London copper prices has some bad signs, is it necessary to stick to the position below 50,000 yuan before closing the position?

If the London copper price fell sharply today, Li Xin originally expected that the domestic futures copper price would have a falling limit on Friday, but the current trend of the London copper price made him dare not do this kind of extravagant hope anymore.

This is the first time that Li Xin has taken the initiative to take the initiative to make a profit at a low level and leave the market.

The reason why he thinks this way is because the current price of 52,000 yuan is a full 10,000 yuan compared with the price when he started selling and opening a position at more than 62,000 yuan a few months ago, which is one of them. Second, in the two or three months after opening the position, his mental journey was indeed very bumpy, and he was able to stick to it until now, and only he knew how much suffering he had gone through in the middle, which was the second. Thirdly, because this time is very critical, it is now the early morning of September 19th, and today is Friday, the last trading day of the week. If he doesn't close the position today, after the wedding tomorrow Saturday, he and Xia Xiaona will go out for their honeymoon, and during the honeymoon period of more than 20 days in the future, he may not have the time and mind to pay attention to the trend of futures prices from time to time.

On September 16, after the price was hit on the falling limit, the bulls fought back on September 17 and 18, resulting in a sharp opening price. So last night, when the copper price in London fluctuated sharply, what kind of price will the copper price open this morning? Will it open sharply higher? How much higher? If there is a sharp rise, should you chase higher and close the position?

Alas, why is it so troublesome to short the price of copper this time? Every time there is a repetition when I see hope. If the trend like the 16th hit the falling limit, if it had been placed in the process of copper prices rising two years ago, the price would have broken downward.

Such a trend will also be seen in sucrose futures, but the 17th and 18th copper prices are so entangled at the opening.

Yesterday's trend was the same, the domestic copper price was obviously falling sharply, why did the London copper price fluctuate sharply, showing a trend of stabilizing at the bottom?

I was entangled with these questions, and it wasn't until 3 o'clock in the morning that Li Xin fell asleep in a daze.

Li Xin was entangled in these questions, in fact, in the small conference room that day, Zheng Guorui had already given the answers, but Li Xin's mind was all on the futures position at that time, he didn't listen carefully, and he didn't think about it carefully.

In the stock and futures markets, the role of support and resistance lines is huge. The lows and highs of the year are the most important support and resistance lines. Once the price breaks through the lows and highs of the year, it has almost broken through the most important support and resistance lines, in which case, the price will generally come out of a wave of rapid decline or rapid rise.

Copper prices have fallen to the current position, and the downward trend has been very obvious, but after repeatedly falling below the most important support line, it has repeatedly appeared repeatedly, and there has been no downward breakthrough, and one of the most important reasons for this is because of cost support.