Chapter 522: Two More Days

Before he could think through the question, he fell asleep.

Wednesday, May 24.

The domestic copper price was indeed as Li Xin predicted, and the opening price was 53,050 yuan.

This opening price is a full 1,020 yuan lower than yesterday's closing price of 54,070 yuan.

Yesterday's closing price of 54,070 yuan just fell below the support of the 10-day moving average, and it was still above the 5-day moving average, but today's opening price of 53,050 yuan fell below the support of the 5-day moving average in one fell swoop.

When Li Xin saw this situation, he felt a little bad in his heart, because this price was almost the same as the average price of the 4,000 short orders he closed on Friday, that is, September 19.

And from the time-sharing chart, the copper price at the price of 53,050 yuan gap opened after the rebound, the price continued to go down, at 9:03, the price has fallen to 52,800 yuan.

Although the price has been a little repeated since then, it rose to 53,100 yuan at 9:07, but this was only a momentary rise, and then the price returned to 52,800 yuan at 9:19.

Li Xin thought to herself, this is obviously a rhythm that can't go up, otherwise, the gap is more than 1,000 yuan, if the buying power of the dip is relatively sufficient, it is normal to pull up four or five hundred yuan in just four or five minutes.

But now the price has just risen a little bit, and it is only 50 yuan higher than the opening price of the day before it is beaten down again, indicating that the selling pressure on the upper grade is very heavy.

After Xia Xiaona got up, she saw Li Xin sitting quietly in front of the computer again, so she walked over and whispered in his ear: "I know why your mother said that she wants me to take care of your life after marriage." ”

"Why?"

"Because you're like a child who hasn't grown up, you only have a computer in your eyes, and you don't know how to take care of your own life. I can't even imagine how you had to deal with your three meals a day before we got married. ”

"Breakfast and dinner were served on the street, and at noon we ate in the company cafeteria, you know. ”

"You can't do this, you won't be allowed to go out to eat alone in the future, I'll make something to eat for you. ”

"That's great, I can't ask for it. ”

"This won't be the only reason for you to marry me, will it?" Xia Xiaona asked with a frown.

"How is it possible, you don't want to think about it, if I marry you just so that you can cook for me, I might as well spend some money to hire a cook, I want you to give me a son. ”

"Just to have a son?"

Li Xin said: "Of course, there are others, after giving birth to a son, our family of three has a good life." ”

Xia Xiaona reached out and pinched Li Xin's nose: "It's about the same, you wait, I'll cook dumplings for you to eat." ”

"Okay. ”

After Xia Xiaona went out, Li Xin turned her gaze back to the computer screen.

The price of copper futures is now fluctuating back and forth at the 52950 line. By 9:45, the price came to 53,070 yuan. Seeing that the price was about to continue to approach the high point of 53,100 yuan more than 20 minutes ago, the upward momentum that had been accumulated suddenly disappeared, and the price began to slowly fall again. For more than 20 minutes, the price has been hovering around the 53020 line.

Li Xin looked at this trend and muttered in his heart: It has been nearly an hour and a half since the market opened, and the price is still high but 53,100 yuan and low at 52,800 yuan.

At this time, it was already 10:30 in the morning, and after cleaning up the pots and pans in the kitchen, Xia Xiaona, who had already changed her clothes, saw that Li Xin was still sitting quietly in front of the computer, without the slightest intention of going out, so she came over and asked, "It's not early, can't we go out to play today?"

"Why don't you wait any longer, let's go out after 11:30 p.m.? I want to see how copper prices are going this morning. ”

"Well, look, I'm going to feed those koi fish in the lotus pond. ”

"Hmm. ”

At 10:31, the price of copper began to fall from 53,000 yuan, and at 10:37, the price had fallen to 52,740 yuan.

In the following 10 minutes, the price rose slightly to 52,860 yuan. Within 4 minutes, the price fell rapidly from this position to 52,680 yuan. It was already 10:50 a.m.

From 9 o'clock in the morning to now, from the time-sharing chart, today's copper prices each wave of rise and fall is not large, all appear cautious, but on the whole, the decline is far greater than the rise, from the opening to the current overall trend is downward, and a step is lower than a step.

In the next 40 minutes, the price continued to fluctuate slightly, and the trend of intraday hesitation became more obvious, and by the time it closed at 11:30 a.m., the price closed at 52,800 yuan.

So far, this candlestick is a small black candlestick today.

If you look at this candlestick together with the candlesticks of the previous trading days, you will find a clear indication: at this time, the closing price and the lowest point of this candlestick have come to the close of last Friday, that is, September 19. At this price, the rise of the two candlesticks on Monday and Tuesday has been completely swallowed up. And at the moment, this price point is very sensitive. If the main bulls continue to be bullish on copper prices in the future, then there should be strong buying power in this position, and the closing price of today's K-line should be pulled up, otherwise, if today's closing price is lower than the closing price on May 19, then it indicates that a new round of decline has appeared.

The reverse is also true, the price is now below the 5-day moving average, and close to last Friday's close, which is the best opportunity if the main bears want to continue to push the price downward.

But the problem is that in the full two and a half hours since the opening of this morning, the price has been running below 53,100 yuan, and there is no sign of any bullish main force buying on dips, nor can I see the signs that the main bears will continue to exert their strength to suppress after a sharp gap and low opening, what are they waiting for?

Just as Li Xin was pondering, Xia Xiaona came in and pouted, "This time has already closed, didn't you say that we will go out at noon?"

"Go, go, I'll change my clothes, and we'll go out at once. Li Xin also thinks that it is not a way to sit in front of the computer like this, not to mention that the trend of copper prices in London is also tepid, so it is better to simply put aside the current trend of these two markets, and wait for the evening to come back to see the overall trend of today.

It's just that before going out, he said to Xia Xiaona: "Why don't we leave Shanghai in a hurry tomorrow and stay in Shanghai for two more days?"

"Why?"

"It's no wonder, I just think the trend of copper prices today is a little strange, maybe there will be some unexpected things. We'll stay here for two more days and see how it goes, but we're still on vacation anyway. ”

"I knew you were only thinking about your futures!"

"It's a serious matter, just stay here for two more days, didn't you say you like this house? I don't usually have time to live here, so I'll stay two more days this time. ”

"Of course I'd like to stay here longer, but don't we already have a planned itinerary?

"No, it won't. ”

"You talk the count, stay two more days at most. ”

"Don't worry, just stay two more days, today is Wednesday, tomorrow is Thursday, the day after tomorrow is Friday, the day after tomorrow is the last trading day before the National Day, after the day after tomorrow I just want to see the market, but also have to wait until October 6 after the small holiday after the futures market to open to see. There's a blank space for more than a week, and I'll concentrate on playing with you then, okay?"

"Okay. ”

The reason why Li Xin suddenly decided to change the itinerary of his honeymoon is because the price of copper futures is now particularly important to him.

If the closing price of copper futures today is lower than the closing price on May 19, it is likely to mean that he should not sell the 4,000 short orders last Friday, and the price of copper futures is likely to continue to fall in the future. If that were the case, he might be missing a lot of the market. There will even be a situation that he least wants to see, that is, he gets up early in the morning, but he can't catch the most exciting evening episode.

But whether such a situation will occur depends first of all on what happens when the market closes at 3:00 p.m. today.

Because of the trend of the futures market in mind, although Li Xin and Xia Xiaona went out the latest today, they came back at night and came back the earliest in the past few days, just at 8:00 in the evening, Li Xin and Xia Xiaona returned to their villa.

As always, the first thing Li Xin did when she got home was to turn on the computer and watch the futures market.

The time-sharing chart shows that at 1:30 p.m., when the futures market reopened, the price rose slowly from 52,800 yuan, to 1:44 p.m., the price rose to 53,030 yuan, and then began to gradually decline.

This downward process continued until 2:33 p.m., and the price fell to the lowest point of the day at 52,560 yuan.

The price of 52,560 yuan is of great significance in the eyes of the careful Li Xin. Because this price is almost the same as the average price he closed last Friday, and it has fallen below the highest point of 52,580 yuan last Friday.

Although near the end of the session, the price gradually rose from the lowest point of the day to 53,490 yuan, closing a small white line, but compared with yesterday, it is still down 580 yuan, and it is still under the pressure of the 5-day moving average.