The Dow Jones index seems to be trying to drive copper prices up before 2:00 a.m., and after 2:00 a.m., the Dow Jones index began to fall again from 9257 points. At 2:24 a.m., the index fell again to 9,076 points.

Although it has gone through several hesitations and iterations since then, it still does not change the downward trend. By the end of the day at 4:00 a.m., the index closed at 8,852 points, down 127 points, or 1.41%.

Today's Dow candlestick chart is a long black candle with both the upper and lower shadows, with the highest point at 9281 points and the lowest point at 8718 points. The overall trend did not continue to rise as Li Xin feared, but closed below the 5-day and 10-day moving averages.

Li Xin thought to herself: If London copper prices continue to follow the closing point of the Dow Jones index, then London copper should fall after the opening at 8:00 a.m. on Monday.

Monday, October 20th.

At 8:00 a.m., London copper opened at $4,810, down $25 from Friday's closing price of $4,835. And after the opening, the price of London copper was really affected by the Dow Jones index closing downtrend in the early hours of Saturday morning and gradually lowered, just 5 minutes later it fell below the $4800 mark, to the $4780 line hovering, it seems that there is no continuation of yesterday's small white line to continue to go up, everything seems to be developing in the direction that Li Xin expected: the Dow Jones Industrial Average rushed weakly, back below the 5-day moving average again, and then the probability of it continuing to decline increased. In this case, the price of London copper, which has been following the Dow Jones Industrial Index, has not risen, and today's opening of London copper is a good example, and London copper is currently closing down.

But what Li Xin didn't expect was that when the trend of the Dow Jones Industrial Index last night and the trend of London copper prices this morning were very consistent with his continued bearishness, the trend of copper prices in the domestic futures market surprised him today.

At 9:00 a.m., the opening price in the domestic futures market was 38,320 yuan, an increase of 260 yuan compared with the closing price of 38,060 yuan last Friday. Although this opening price did not increase much compared with last Friday's closing price, it had already surprised Li Xin, because last Friday's closing price closed on the down limit.

And from October 6th to last Friday, October 17th, 8 of the 9 trading days were closed on the down limit, even if the closing price on October 15 did not close on the down limit, but it was only 10 yuan higher than the fall limit, and it can almost be regarded as closing on the down limit.

In this case, Li Xin originally expected that although it would be difficult to continue to open a price limit after today's opening, the sharp decline was basically reasonable.

But what he didn't expect was that the opening price not only did not fall sharply, but also rose.

After the official trading began at 9:00, the copper price was immediately raised, and in just three minutes, the price rose from the opening price of 38,320 yuan to 38,850 yuan, a sharp increase of 790 yuan compared with the previous trading day, an increase of 2:07%.

It is said that the plan is not as fast as the change, just when Li Xin just changed the original bearish thinking to worry that the price will continue to rise, the selling order suppressed by the high appeared, after 9:03, the price fell from 38,850 yuan in a straight line, and the price fell by more than 1,000 yuan in just 5 minutes, falling to the integer mark of 37,800 yuan.

What's more noteworthy is that the trading volume is very large in the rapid rise and rapid decline of less than 10 minutes after the opening, showing that the long and short sides are fiercely competing in this place.

This is a little different from the trend in the past few trading days when the market was either pressed on the down limit board or quickly pulled to the price limit, and then quickly knocked down.

It is said that it is too late, and the price is quickly hit to the 37,800 yuan line and does not stay for a moment, just like a ball hitting the cement floor and being quickly bounced up, the copper price in just a few seconds, and from the 37,800 yuan line quickly rebounded. Before 9:10, the price rose rapidly to 38,170 yuan.

At 9:14, the price stepped back on 37,900 yuan, and after receiving support at this integer mark, it began to rise again, and after just 5 minutes, the price rose again to 38,380 yuan at 9:19.

Next, copper prices in the domestic futures market launched a sharp shock, completely shaking off the impact of last night's Dow Jones index and London copper trends.

At 10:30 a.m., the price rose to 38,790 yuan, at 11:23, the price pulled back to 38,160 yuan, and at 11:30 a.m., the price was 38,360 yuan.

Judging from the trading hours of these two hours in the morning, the price fluctuates between the highest and the lowest within the hour and a half of 9:00~10:30 is more than 1,000 yuan, and the price fluctuation range is also between 700~800 yuan in the hour of 10:30~11:30. This morning, the market fluctuated, and the signs of back-and-forth competition were very obvious.

With the continuous increase in trading volume today, the bulls in the market are no longer able to pull the price to the price limit, and in the past month or so, the bears who have been dominant do not seem to have the strength to continue to press the price on the price limit.

Looking at such a trend, Li Xin couldn't help but gasp: Is this the bottoming process he has been waiting for?

Today's trend in copper prices in the domestic futures market makes him have to think like this. However, looking back at the 9 K-line charts on the left, which are almost all one-word down limits, such a steep downward trend clearly tells him that it seems a little unlikely that copper prices will suddenly stop abruptly in this place after a continuous downward limit.

He secretly said to himself in his heart: Don't worry, it's not too late to see what the market trend is this afternoon. Even if the line of 38,060 yuan is the bottom, then it has to linger in this place for two or three days.

At 13:30 in the afternoon, as soon as the afternoon market opened, the copper price was instantly pulled up from the closing price of 38,360 yuan in the morning. A minute later, at 13:31, the price had risen to 38,940 yuan, an increase of 870 yuan compared with the closing price of the previous trading day, an increase of 2.31%. This high has broken through the highest price this morning, but this wave of rally has not ended, the market has been hovering around this price for a while, starting from 13:41 in the afternoon, the price has risen strongly again, in just 9 minutes, the price was pulled up to 39,340 yuan at 13:50. This price has increased by 1,280 yuan, or 3.36%, compared with the closing price of 38,060 yuan on the previous trading day.

Considering that the time has now reached 13:50 in the afternoon, combined with the trend that has been widely fluctuating since today's opening, and the bottom and top are gradually rising, copper prices seem to be really bottoming, and the line of 38,060 yuan should be the bottom area. Because the bulls, who have been missing for the previous 9 trading days, seem to be in a big way today, forcing the bears, who have been dominant for more than half a month, to retreat step by step.

But even so, in the process of the price rushing, the selling order is still quite strong.

From 13:51, the price began to fall from 39,320 yuan to 38,880 yuan at 14:33 in the afternoon. The decline during this period was also close to 440 yuan.

But just like in the previous more than two hours of trading, the bulls are confident today, and each wave of price decline will be pushed up by the surging buying order. From 14:34 in the afternoon, the price gradually rose from 38,880 yuan to 39,300 yuan at 14:51, approaching the highest point of today's day.

Although the price rose in the last 10 minutes before the close, there was a fall, and the final closing price closed at 39,210 yuan, an increase of 1,150 yuan or 3.02% compared with the previous trading day. However, this closing price is only one step away from the highest price of 39,380 yuan in the day. Judging from the tick chart, if there is enough trading time, the price still has the strength to continue to rise, and maybe the closing price will close at a higher position.

Today's candlestick chart is a medium bullish candlestick, and the physical part of the candlestick chart has reached $890.

From October 6th to October 17th last Friday, in the 9 consecutive K-line charts, except for the October 14th closed a small white line that is almost a doji, the remaining 8 K-line charts are all one-word down limit or closed near the fall limit, today this entity part of the small yang line reached 890 yuan after the continuous plunge is very prominent.

After seeing this situation, Li Xin still thinks that even if the bottom appears, the price will fluctuate back and forth in the bottom area for a while. However, he also knows another scenario, which is that after a series of sharp declines, there is a high probability that there will also be a retaliatory rise. If there is really a retaliatory rise, it is possible that the price will suddenly appear two or three up limits after eight or nine consecutive falling limits. Even if the price will really return to the bottom area of the 38,060 yuan line after the retaliatory rise, in the face of the sudden two or three price limits, can you withstand this toss, can you wait for the price to come back?