The 5-day moving average of $4191 still has some space, and the overall trend is still suppressed by the 5-day moving average, and the downward trend is still obvious. This eased Li Xin's worries a little, and then it depends on where London copper prices and the Dow Jones index will close at 2:00 and 4:00 tomorrow morning. The Dow Jones closed last night at 8,519 points, down 514 points, or 5.69%, from the previous session. This close fell below the 5-day and 10-day moving averages again, and away from the 5-day and 10-day moving averages, a further downward trend is manifested.

The London copper price fell even more last night, its closing point was $4,060, just one step away from the lowest point of the day at $4,040, which can be said to close near the lowest point, a sharp drop of $420 compared with the previous trading day, a decline of 9.38%.

Under the influence of the sharp decline in London copper and the Dow, there was not much suspense after the opening of copper prices in the domestic futures market at 9:00 a.m., and the price of 33,900 yuan was opened, which fell sharply by 2,170 yuan compared with the closing price of 36,070 yuan on the previous trading day, a decrease of 6.02%.

At this price, Li Xin's 4,000 hands of the position is now close to 400 million yuan.

At this time, even Li Xin, who has been bearish on copper prices, felt a little incredible, and even he didn't expect that copper prices would fall so quickly when they fell below the integer mark of 40,000 yuan, and the bulls did not have the slightest resistance in the process of falling prices.

"Where is the bottom of the copper price? Could it be that it will continue to fall below the 30,000 yuan mark? That's too exaggerated, this price is the copper price four years ago!" Li Xin touched his chin and speculated secretly.

Today, the price of this falling limit in the domestic futures market has not been broken from the opening of 9:00 a.m. to the closing of 15:00 p.m., and it has closed a one-word down limit again.

Compared with the sharp decline in copper prices in the domestic futures market, the trend of London copper prices before 15:00 p.m. is somewhat unsatisfactory, perhaps the 9.38% decline last night has been quite huge, so today in the domestic futures market copper prices in the fall limit of 6.03% of the decline, the largest drop in London copper prices only fell to 3815 US dollars, an instant 6.03% decline, and then rebounded.

At 15:30 p.m., the London copper price was $3,894, narrowing the decline to 4.25%.

However, if you count yesterday's decline, the decline in London copper in two trading days is still much greater than the decline in the domestic futures market in two trading days, which supports Li Xin to continue to be bearish on copper prices.

At 21:20 in the evening, when Li Xin turned on the computer to see the opening of the Dow Jones index at 21:30 today, he was stunned by a sudden news: the exchange announced that in view of the continuous sharp decline in copper prices in the futures market, it is now decided to suspend the trading of copper metal for one day tomorrow, Friday, October 24, and resume trading next Monday, that is, October 27.

Needless to say, the exchange's measure to suspend copper trading again is still to prevent the further decline in copper prices!

This news made Li Xin have no mind to pay attention to what the trend of the Dow Jones and London Copper will be. Since trading in copper futures will be suspended tomorrow, it will be possible to trade again on Monday, four days later, and it is very difficult to guess what will happen to the London copper price and the Dow Jones Industrial Index during these four days.

The last time the futures exchange suspended copper trading was on October 9, when the copper price was still at 46,000 yuan. The suspension of trading did not have any impact on the trend of copper prices, which remained at a one-word limit after the opening of the market on October 10.

Today, however, the situation is a little different. At the close of trading at 15:00 this afternoon, the copper price has fallen to 33,900 yuan, a sharp drop of nearly 12,000 yuan compared with the last suspension of trading.

At such a low price, the exchange once again announced the suspension of trading, and it is very difficult to judge what unpredictable situation will happen to copper prices after the opening of trading next Monday. Li Xin is not as confident as she was when the exchange suspended copper trading for the first time on October 9, and believes that such a move will not fundamentally change copper prices. Because of this time and time, the same measures more than ten days ago did not curb the decline in copper prices, but it is difficult to estimate the situation today.

Another difference is that trading was suspended on October 9th, and trading resumed on the second day, October 10th, and the actual trading time was only interrupted for 24 hours. However, today is Thursday, and the exchange will suspend trading tomorrow and Friday, which will cause the market to have a three-day gap period of Friday, Saturday, and Sunday.

Li Xin didn't dare to confide in Xia Xiaona with such worries in his heart, he concealed all kinds of ominous speculations in his heart, and watched the Dow Jones index open at 8519 points at 21:30 in a short period of time, and then fell back to 8418 points at 21:51 from this point. Then, in a little more than an hour, the Dow rose again from 8,418 to 8,790 at 23:10 p.m. At this time, the Dow has risen by 271 points, or 3.19%, compared to the previous trading day.

The Dow's move has added to Li Xin's worries about the trend of copper prices in four days.

After going to bed, Li Xin's few words today were in stark contrast to the excitement of the previous two or three days, Xia Xiaona noticed this change, she felt very strange, and asked, "What's wrong with you?"

"No, maybe I haven't been anywhere today, and I'm too tired to stay in front of the computer and watch the market. Li Xin disguised.

"You sit for more than an hour and get up to move, don't sit in front of the computer for hours in a row, that's not good for your health. ”

"I know. ”

"Didn't you go to the big account room of the securities company some time ago to talk to your friends? When you have nothing to do, you also go out for a walk, and you can't stay at home all the time. "The changes in copper prices during this period of time are too fast, and such changes make Li Xin's mood quickly switch between worry and surprise. Under this huge psychological pressure, because he didn't want to talk too much about the futures price trend with Xia Xiaona, even when Li Xin was in a good mood, his topic was very narrow. What's more, an unexpected situation like today's made Li Xin's mood a little depressed. Li Xin herself was unaware of this situation, but Xia Xiaona, as his wife, was very sensitive. She was very worried that Li Xin would stay at home alone for too long after resigning, and the lack of communication with others would have a bad impact on Li Xin, so she tactfully suggested that Li Xin should go out for a walk.

"Okay. ”

"Then go to bed early, it's 11:30 p.m. now. ”

"Hmm. ”

Friday, October 24th. At 4:00 a.m., the Dow Jones Industrial Average closed at 8,691 points, up 172 points, or 2.02%, and closed with a small white candle.

At 2:00 a.m., the closing point of London copper prices was $3,983, down $77, or 1.90%, which was much higher than the lowest level of $3,815 in the day, which means that the decline was narrowed by the time it closed.

Although the closing price of London copper on this candlestick chart hit the lowest closing price of this wave of decline, it rose sharply by $168 compared to the intraday low, which is a 4.4% narrower decline.

Considering that at 2:00 a.m., when the London copper price closed, the Dow Jones index was actually still in the process of falling, with a decline of 1.67%, and the 2.2% increase at the close was up after 2:00 a.m., such a trend is bound to have a certain impact on the trend of London copper today. Therefore, on Friday, October 24, the second day, even if the trading of copper metal in the domestic futures market was suspended, Li Xin did not dare to be careless at all, and closely watched the trend of the London copper price that opened at 8:00 in the morning.

At 8:00 a.m., the opening price of $4,064 immediately reacted to the late rise of the Dow Jones at 4:00 a.m., which was $81 higher than the closing price of $3,983 at 2:00 a.m.

Such an opening price makes Li Xin very worried about whether the copper price in the London futures market will rise sharply under the news of the suspension of copper trading in the domestic futures market today. If such a situation really occurs, then I am helpless and have no way to deal with it.

Fortunately, the subsequent trend of copper prices in London continued to break off the Dow Jones Industrial Average in the previous few trading days, and it rose slightly to $4,126 in just a few minutes after opening at $4,064, and then continued to decline.

By 9:30 a.m., the London copper price had fallen to $3,878, although the price did not break through the lowest point of $3,815 in the previous trading day, but it had fallen below yesterday's closing price of $3,983, and the price continued to go down.

Although by 15:00 p.m. when the domestic futures market closed, the intraday low of London copper prices did not fall below yesterday's low of $3,815, but it only rose to $4,126 after opening today with the help of the Dow Jones Industrial Average last night, which is still some distance from the 5-day moving average of $4,191, and is still suppressed by this pressure line.