Chapter 484: It's really self-inflicted

Early in the morning of the second day, the trend of London copper prices last night came out: the opening price was $7,395 and the closing price was $7,400, the lower shadow was very long, and the upper shadow was very short, which could almost be seen as a doji. Compared with the previous trading day, it rose slightly by 0.23%, which is almost negligible.

Li Xin also doesn't know what impact the trend of London copper prices last night will have on the trend of domestic copper prices today, anyway, as long as London copper prices did not rise sharply last night, he is not worried.

However, the trend of domestic copper prices on this day was somewhat different from his prediction that it would continue to fall, and after opening at a price of 57,300 yuan, it went all the way up, and closed at the highest price of 58,210 yuan at 3 o'clock in the afternoon.

Compared with yesterday's sharp decline, today is a sharp rise of 1160 yuan.

This closing price not only jumped above the 5-day moving average again, but also just touched the 10-day moving average.

Judging from such a trend, it is not at all afraid of the pressure of the 10-day moving average, and it is necessary to continue to challenge or even break through the trend of the 10-day moving average in the next day or two.

This three consecutive days of ups and downs like a roller coaster of the market, Li Xin is a little dizzy, especially the price is about to break through the 10-day moving average pressure This trend makes Li Xin a little worried: once the pressure of the 10-day moving average is broken, then the price will move closer to the 20-day moving average, and that point is 58970 yuan.

With this momentum, the price will reach that level within a day or two. That is to say, after the profit on his account decreased by 11.6 million yuan today, the profit will shrink by 7.6 million yuan in a day or two.

The price of copper in London did not rise sharply last night, but the domestic copper price rose sharply today, why is this?

Li Xin was puzzled, but the lower shadow of the K-line chart of London copper prices last night was very long, which means that the buying power of the lower gear is very strong, is this the reason why domestic copper prices have risen sharply today?

On the futures company's side, Yuan Jie has also been paying attention to the trend of copper prices. Seeing such a result, she wanted to call Li Xin, but she didn't know what to say to Li Xin.

Today's trend proves that her suggestion to persuade Li Xin to close the position on dips yesterday is right, if Li Xin does this, the profit on today's books will not be 11.6 million out of thin air.

She knew Li Xin's stubbornness very well, and trying to persuade him to close his position when his profits had shrunk significantly would not have any effect at all.

She really wanted to ask Li Xin out to talk, but Li Xin's reluctance to come out to meet yesterday made her very faceless, and she was very eager to meet Li Xin, and now she was also afraid that Li Xin's refusal would make her even more disappointed. So she hesitated again and again but held back and didn't call Li Xin.

The trend of London copper prices during the day today has a lot in common with the previous two trading days, that is, the opening price of London copper in these days is almost on the same level, and the trend of domestic copper prices has caused London copper prices to fluctuate significantly during the same time during the day.

Today's trend of copper prices in London has risen a lot before 3 o'clock with the sharp rise in domestic copper prices, but copper prices have gradually fallen back after 4 o'clock in the afternoon.

Because of the fear that London copper prices will rise sharply this evening, so that tomorrow's domestic copper prices will also rise sharply, so Li Xin stayed up until 2:00 p.m. tonight, London copper closed unexpectedly down 0.28%, although this decline is not large, but this trend is completely contrary to today's sharp rise in domestic copper prices.

Li Xin is still unclear whether the domestic copper price affects the international copper price more, or the international copper price affects the domestic copper price more. What will happen to the domestic copper price tomorrow, he has no clear judgment now.

Early in the morning of the second day, as soon as Li Xin arrived at the office, Yuan Jie's call came: "Do you want to know how the copper price will go today?"

"I want to know, how do you say you're going to go?"

"Compared to yesterday, today is definitely down, and it is a big gap and a low opening, believe it or not?"

"That's fine, of course, but how do you know it's going to fall today?

Yuan Jie said: "Don't worry about how I know, there are more than 10 minutes left to leave the plate now, I'll be busy with other things first, and we'll talk after the opening price comes out, okay?"

"Okay, let's take a look at what you said about the opening of the market that will gap down sharply, right? ”

More than 10 minutes later, the opening price of futures copper came out, and the price was 57,500 yuan. Compared with the previous day's closing price of 58,210 yuan, the opening price fell by 710 yuan, which is exactly the same as Yuan Jie's guess that the opening will gap sharply to the next level.

Seeing this result, Li Xin was secretly surprised, and he quickly picked up his mobile phone and called Yuan Jie: "How do you know that there will be a sharp gap down at the opening today?

Although Yuan Jie had been in close contact with Li Xin again a few days ago, this was the first time Li Xin took the initiative to call her in a few months, Yuan Jie was very happy, she said: "I don't have any inside information, if I have any inside information, you should tell me." ”

"Then how did you know that there would be a big gap today?"

"Guess what. Seeing Li Xin's face, Yuan Jie also felt comforted when she heard Li Xin's voice on the phone, and she hollowed out her thoughts to prolong the time of the call with Li Xin.

"How can I guess this, don't sell it, hurry up, is it because the price of copper in London fell last night?"

"Maybe the fall in London copper prices last night was also a reason, but you have also noticed, in fact, the decline in London copper prices is very small, it should not lead to the domestic copper price as soon as the market opens. ”

"And what do you think could be the reason?"

"I think today's decline is mainly caused by the rhythm of domestic copper prices. ”

Li Xin asked strangely: "Do you think there is any special rhythm in the trend of domestic copper prices?"

Yuan Jie said with certainty: "Of course there is, haven't you noticed? Since the copper price bottomed out at 55,410 yuan that day, the overall trend is a rhythm of advancing 2 and retreating 1." The day before yesterday, the price of copper rose sharply, and the day before yesterday it opened sharply and lower, and it closed down on the day, right?"

"Hmm. ”

"In the same way, yesterday was a sharp rise, and today is now a sharp gap and a low opening, and if I am not mistaken, by the end of the afternoon, it should be down compared to yesterday. ”

Li Xin said: "It seems to make some sense, but whether it will close down today will not be known until after 3 o'clock in the afternoon." ”

For various reasons, Yuan Jie has recently spent a lot of time pondering the trend of futures copper prices, and accurately judged that today's futures copper prices will jump sharply downward, and her confidence has increased greatly at this time: "I advise you to close your position and leave the market today, if nothing else, copper prices will rise sharply tomorrow." ”

Although Yuan Jie's judgment today is correct, but seeing that the price of copper in futures fell below the 5-day moving average as soon as the market opened, Li Xin, who is still bearish on copper prices, said that he did not believe what Yuan Jie said that copper prices will rise sharply tomorrow: "What is the reason why you say that copper prices will rise sharply tomorrow?"

Yuan Jie said: "Didn't I tell you just now? During this period, the trend of copper prices is 2 and 1, yesterday in, today receiving, tomorrow should be in. ”

Li Xin carefully looked at the trend of the K-line chart during this period of time, and felt that what Yuan Jie said also made some sense, so he asked: "Then how much do you think it will rise tomorrow?"

Yuan Jie said: "At least it will be around the closing price of 58,380 yuan the day before yesterday." ”

Li Xin made a rough estimate on the computer screen, and felt a little incredible, so he asked: "If it rises by more than 800 yuan, will there be so much? ”

"What's impossible about this, although the copper price is tossing back and forth between advancing and retreating during this period, but since the day before yesterday, the bottom of each K-line chart is gradually rising, which indicates that it may accelerate in the future, haven't you noticed?"

"There are indeed signs of lifting at the bottom, but to say that the rise will accelerate in the future, I don't think it is. ”

"If you don't believe it, just wait and see, your profits will be less and less. ”

Li Xin said helplessly: "Alas, it's a big deal that I will close my position and leave the market after the price breaks through the 60-day moving average!"

By 3 o'clock in the afternoon, the price of copper futures closed at 57,250 yuan, 250 yuan lower than the opening price, and closed a small black line, which was completely in line with Yuan Jie's judgment in the morning.

Today's London copper price trend during the day is the same as the trend of domestic copper prices, which has been hovering at a low level. But after 9 p.m., the price changed. The London copper price has changed the pattern of opening and closing near a horizontal line in the last three days, and has begun to rise from a low of $7,380. It rose to a high of $7,671 during the session, and closed at $7,585 at 2 p.m. in the evening.

This price is more than $200, or 2.79%, compared with the previous trading day's closing price of $7,379.

This increase is the second highest in the trend of copper prices in London in more than three months, with only the 4.06% increase on August 13 outpacing it.

At least from this rally, after the London copper price bottomed out on August 13, after three consecutive days of sideways consolidation, there has been an accelerated rise as Yuan Jie said.

Li Xin carefully compared the trend of London copper prices and domestic copper prices, and found that in the past three days, in the process of sideways London copper prices, domestic copper prices have risen sharply. Now stimulated by the sharp rise in copper prices in London, it is really likely that the domestic copper price will accelerate tomorrow as Yuan Jie said.