It was 10:05 a.m. when he turned on his computer. What caught his eye was a small white candle with a long upper shadow after the gap opened. Such a white candle that appeared after the continuous down limit was quite large compared to yesterday's one-word down limit.

Li Xin hurriedly opened the time-sharing chart of the futures copper price trend to see what it was.

Sure enough, the opening price in the domestic futures copper market today is 43,050 yuan, a sharp increase of 1,360 yuan from yesterday's closing price of 41,690 yuan, an increase of 3.26%.

And the opening price of 43050 yuan is really just the opening price, in just a few seconds after the start of the official transaction at 9:00, the price was quickly pulled up to the position of 44190 yuan, the price of the price limit compared with yesterday's closing price, up 2500 yuan, an increase of 6.0%.

In other words, in just a few seconds after the opening, the price instantly rose by more than 1,100 yuan.

And the more dramatic side happened at 9:11 a.m.

After the opening, it was quickly pushed up to the price limit board for only 11 minutes, and at 9:11, the price limit was suddenly broken, and the price fell from 44,190 yuan to 43,840 yuan in just 4 minutes, and the increase narrowed to 5.16%.

This is not the end, just one minute later, the price rose from 43,840 yuan to 43,960 yuan, and then then more ferocious selling poured out, at 9:18 a.m., the price began to fall again from 43,960 yuan, and by 9:32, the price had fallen to 43,060 yuan. At this time, compared with yesterday's closing price, the price only rose by 1370 yuan, and the increase narrowed to 3.29%. And it can be seen very clearly from the volume chart at the bottom of the screen that the power of this wave of selling orders that broke the price limit at 9:11 is quite sufficient.

Although the price rebounded upward from the integer mark of 43,000 yuan from 9:33, the highest point only rose to 43,770 yuan at 9:52, an increase of nearly 4.99%. Then the price gradually fell back to 43,530 yuan at 10:06.

The trend of copper prices in London immediately rushed to the upper limit after the opening of the domestic futures market at 9 o'clock, and under the influence of such a trend, it also rose to near the 10-day moving average again during the period of 9:00~9:10.

However, with the rapid decline of domestic copper prices at 9:11 in the morning, London copper prices did not continue to rise, failed to break through the suppression of the 10-day moving average, but returned to a position only slightly higher than today's opening price. The pattern of copper prices in the domestic and international markets watching and influencing each other is undoubtedly evident once again.

In particular, the copper price in the domestic futures market was broken again after only 11 minutes on the price limit today, which made Li Xin more determined that he could not close the position when he was rushing up.

Now he realizes even more that he made the right decision this morning to leave the computer screen, to leave the movements of the futures market, and to stay away from this market. Otherwise, as soon as the market opens today, such a trend will definitely interfere with my determination. If that's the case, after closing all the 4,000 short orders in your hand on the price limit, the price fell down again in a blink of an eye, and you miscalculated.

Now, the price limit board was opened in an instant, indicating that the upper selling order is quite heavy, even if yesterday's falling limit is the bottom, the possibility of copper prices stepping back on the previous low point in the next few trading days has further increased, and there is an opportunity to close the position.

In the following time, the copper price in the domestic futures market only rose to a high of 43,840 yuan at 10:35 in the morning, and then it gradually declined. By 14:09 in the afternoon, the price had fallen to 42,630 yuan, which was only 940 yuan higher than yesterday's closing price, and the increase was further narrowed to 2.25%.

It was at this time, perhaps the futures exchange saw that the copper price was getting lower and lower after the morning limit was opened, so it suddenly announced at 14:09 that copper trading in the futures market would be suspended for 10 minutes.

Such a decision, like the announcement of the suspension of copper futures trading a few days ago, is a very obvious attempt to intervene in the continued decline in prices.

A few days ago, the exchange suspended the trading hours of copper metal for one day, but today it was only suspended for 10 minutes.

A few days ago, the suspension of trading for a day did not have any impact on the trend of copper prices, and today only 10 minutes of trading was suspended.

At 14:19 in the afternoon, after the suspension of trading, the copper price rose rapidly from the position of 42,630 yuan, and after just two minutes, the price rose to 42,920 yuan at 14:21, an increase of nearly 290 yuan compared with before the suspension of trading.

In the following 20 minutes, copper prices fluctuated back and forth between 42,920 yuan and 42,740 yuan. 5 minutes before closing, the price rose from 42,800 yuan to 43,150 yuan at the closing price, an increase of 1,460 yuan throughout the day, an increase of 3.50%.

Li Xin is very satisfied with this result.

As long as today's price trend is not blocked on the price limit, it is a great victory for him, and it is very clear that copper prices will continue to return to yesterday's limit in the next one or two trading days.

Because if you think about it from another perspective, you will know that after 5 consecutive falling limits, today's price action is likely to be the best time to give the bulls who were previously trapped.

The futures market is either long or short, after 5 consecutive down limits, copper metal bulls are facing huge losses, futures companies today after opening the down limit, will definitely ask the long has huge losses to stop loss. Nationwide, there should be a considerable number of customers who were long quilts on futures copper some time ago, which is likely to be the fundamental reason why the price limit only lasted for 10 minutes this morning.

The reality that the price limit has been opened will bring great pressure to many longs who have not yet closed their positions. Because the price limit can not be sustained, it means that the price may continue to fall, if the long position is not in this position to quickly stop the loss and leave, if the price is pressed on the down limit, then there will be no chance to play.

By 15:00 p.m., when the domestic futures market closed, the London copper price closed at $5,250. Compared to yesterday's close, this price has increased by 1.54%.

At 21:30 in the evening, the Dow Jones Industrial Average opened at 9388 points and soared to 9794 points in just two minutes, a sharp increase of 4.36% compared to the previous trading day.

Yesterday, the Dow Jones index at 9387 was still between the 5-day moving average and the 10-day moving average, but after today's opening, it rose to 9794 points in just two minutes, which has crossed the 10-day moving average of 9602 points and came to the middle 1/3 of the 10-day moving average and the 20-day moving average.

Li Xin was taken aback by such a rally, he quickly called up the chart of London copper prices to check, only to see that the London copper price chart is like the shadow of the Dow Jones Industrial Average chart of the time-sharing chart, and there was a wave of rapid rise in just two minutes, from $5237 before 21:30 to $5615, and the increase instantly expanded from 1.29% to 8.6%.

The London copper price of $5,615 also crossed the 10-day moving average of $5,469 sharply, and came to the 1/3 level between the 10-day moving average and the 20-day moving average.

The Dow Jones Industrial Average and London copper prices soared at the same time after 21:30, which made Li Xin a little at a loss for a while, and he even began to feel that his judgment that copper prices would not only not rise in recent trading days, but would also fall to near the previous lows, was wrong.

Because if London copper prices and the Dow Jones Industrial Average close sharply higher this evening, copper prices will definitely rise after the domestic futures market opens tomorrow. After all, if you count the cumulative decline, from the beginning of this year to the present, to the Jones Industrial Index and the London copper price, including the copper price in the domestic futures market, they have fallen quite a lot.

If the trend of copper prices is not as predicted that it will retrace the previous low in the near future, but continues to rise in retaliation, then you really have to find a price to close the position quickly.

It took Li Xin only a few dozen seconds to think about these problems, but in this flash of light, the trend of the market has undergone a huge reversal.

That is, a few tens of seconds later, before the time reached 21:33, the Dow Jones Industrial Average rose to a high of 9794 points and immediately turned down, falling to 9755 points in an instant. After three minutes of struggling and oscillating in this position, a new wave of decline began again from 21:36, and by 21:41, the index had fallen to 9661 points, and the increase narrowed to 2.92%.

At 21:53, the Dow had fallen to 9495 points, and the increase was further reduced to 1.15%.

By this time, the Dow Jones Industrial Average had fallen back below its 10-day moving average.

Li Xin hurriedly adjusted the trend of London copper prices to take a look, and the latest price of London copper has also fallen back below the 10-day moving average.