Chapter 488: Muddy Tears
On August 21, the domestic copper price did not fall according to the pattern of advancing two and retreating one, but rose slightly after opening flat, closing at 59,350 yuan.
Such a trend indicates that the probability of a bullish market outlook is greater.
Not only that, the trend of London copper prices was very strong throughout the day, and by 2:00 a.m. on the 22nd, it closed at 7,850 yuan, a sharp increase of 3.9%, which was second only to the rise that bottomed out on August 13, showing an accelerated upward trend.
The most important thing is that this position of the London copper price is just one step away from the 60 moving average at $7,910.
According to this rhythm, the domestic copper price after 9:00 in the morning will definitely rise to near the 60 moving average. It seems that he only has one last step left, and when the price breaks through the 60 moving average, he will immediately close the position and leave the market.
On the morning of August 22, stimulated by the news of the sharp rise in copper prices in London last night, the domestic copper price opened with a gap to 60,500 yuan, compared with yesterday's closing price, it rose by 1,150 yuan overnight.
This price is only 400 yuan away from the 60-day moving average of 60,900 yuan. This gap can easily be surpassed by a slightly larger intraday fluctuation in copper prices.
In other words, even if the pressure of this 60-day moving average cannot be broken today, it can easily break through tomorrow and the next two days.
Just when Li Xin was ready to close the position immediately after the price effectively broke through the 60 moving average, the copper price jumped high and opened but hovered at a high level, as if to test Li Xin's psychological endurance, the trend throughout the day is a narrow range of shocks, the price has been very close to the 60-day moving average back and forth to test back and forth, the highest rise to 60,690 yuan did not continue to rush up, and the final closing price was 60,280 yuan.
In other words, the closer the rise is to the 60-day moving average, the faster the price will rise. However, just as it quickly rose to near the 60-day moving average, a small black candle appeared, and this black candle had a huge upward gap compared to the previous day's candlestick.
Judging by such a trend, it is clear that the bulls are confident enough. However, at the same time, when the 60-day moving average is about to be broken, such a small black candlestick appeared, which seems to indicate that the bulls are still very afraid of the pressure on the 60 moving average.
The trend of copper prices in London is the same, just as it is about to break through the 60-day moving average, copper prices stopped in this place. During the day today, the copper price in London has been fluctuating at a high level after opening flat, but the price gradually fell overnight, and at 2 o'clock in the evening, it closed at $7,681, down 2.51%.
At this time, it was already 2:30 a.m. on August 23, and Li Xin, who had been fooled by copper prices for a day, lay on the bed and thought: The pressure of the 60 moving average is still obvious, and even if the copper price wants to break through this pressure, it is estimated that it will have to fluctuate in this place for a period of time and accumulate considerable strength.
Just like at the end of July, when the copper price was still 61,800 yuan, Li Xin missed a good opportunity to continue to increase his position because of hesitation. In the process of this wave of copper prices rising from 55,410 yuan to 60,500 yuan, Li Xin once again missed the opportunity to take profits on dips and leave the market because of hesitation. It turned out that the floating profit of nearly 70 million yuan in his account at the most, now only has more than 10 million yuan.
Deep down, he continued to be bearish in his heart, and he neither dared to take profit and leave the market in this place, nor did he dare to increase his position in this place. He is not only afraid that the copper price will turn around and fall after he stops winning and leaving the market, and he is completely short, but he is also afraid that the copper price will rise after adding a position in this place, and his floating profit will become a huge floating loss.
The floating loss of more than 10 million yuan in the account a month ago still makes him feel uneasy.
He now secretly regrets it: alas, the difference in thought! When he was about 55,410 yuan, he didn't make a decision immediately. Otherwise, the money to buy a villa in Shanghai will come back.
Now he has no heart to analyze what this rollercoaster-like copper price will do tomorrow, he now recognizes one, the price effectively breaks through the 60-day moving average and then closes the position, otherwise he will hold a position.
After being woken up by the alarm clock at 7:00 in the morning, Li Xin washed his face indiscriminately and rushed to the office after eating early.
Today is a critical moment, copper prices are currently hovering around the 60-day moving average, and if they break through this line of pressure today, they will have to close their positions immediately.
He waited anxiously in front of the computer until 9:00, but did not see the opening price of copper futures come out.
"Hey, what's going on?" he thought the laptop was dead, and after a bit of fiddling, he found that it wasn't the computer's problem, but the date: today is Saturday, and the futures market is not trading!
"Damn! No wonder there isn't a single person in the company empty today. We won't know until next Monday what will happen to copper prices, but hopefully there won't be any surprises in two days' time. He patted his head in annoyance, this time he was passively led by the copper price, his mind was all focused on dealing with the higher and higher copper price, he had no concept of time at all, and actually forgot that yesterday was Friday, the last trading day of the week.
Just as he got up to leave the office, his cell phone rang, and he answered and asked, "Hello, who?"
"I'm Jiang Hua, and the chairman asked you what is the price of copper in futures now?"
Jiang Hua called at this time, it was very strange, and said that Jin Changxing wanted to ask about today's futures copper price, Li Xin secretly thought: What's the matter, is everyone like me who has a wrong day, I don't know if today is the weekend?
So he said: "Today is Saturday, the futures market is not trading, and the closing price of futures copper yesterday was 60,280 yuan." ”
Jiang Hua said, "Got it." He hung up.
August 23 was the third day after Kim Chang-heung's surgery. Although he was given painkiller injections, the pain from the wound on his right arm after the amputation was still like a cat bite, and he grinned in pain.
After his wife fed him too early, he felt that the pain in his hand was a little lighter, and Jin Changxing, who had been in the ward for nearly ten days, said to her wife: "Call and ask Jiang Hua, what is the current price of copper?"
His wife agreed, picked up her mobile phone and called Jiang Hua.
Jiang Hua, who was still sleeping lazily in bed, was very unhappy when he was woken up by the phone, and he thought to himself: Who is so irregular early in the morning on Sunday?
He took the phone and saw that it was Jin Changxing's wife calling, so he quickly sat up from the bed and asked, "Sister-in-law, what's the matter?"
Jin Changxing's wife said: "He's fine, but the wound hurts badly." He wants me to ask you what the price of copper is now?"
Jiang Hua said: "Where does the chairman want to know the price of copper?"
Jin Changxing's wife turned her head and asked Jin Changxing: "Where do you want to know about the price of copper?"
Jin Changxing said: "It's not the price of copper anywhere, it's the price of copper in futures today, let him ask Li Xin." ”
Jin Changxing's words were clearly heard by Jiang Hua on the phone, and Jin Changxing's wife said on the phone: "Director Jiang, you are asking about futures prices......"
Jiang Hua immediately took over the conversation and replied, "Sister-in-law, I know, I'll ask, I'll call you in 5 minutes." ”
Then, Jiang Hua reluctantly called Li Xin to ask about the futures price.
A few minutes later, Jiang Hua told Jin Changxing's wife the result: "Sister-in-law, you tell the chairman that today's futures price is 60,280 yuan." ”
"Okay. ”
"How is the chairman's situation in the past two days?"
"It's a little better than the previous two days, but the wound still hurts, and his mood is worse. ”
"Let the chairman recuperate with peace of mind, and I will go to see him in two days. ”
"Thank you. ”
"You're welcome. ”
After Jin Changxing's wife put down the phone, she turned to Jin Changxing and said, "Today's copper price is 60,280 yuan. ”
"How much?" Kim Chang-heung couldn't believe his ears.
"60,280 yuan. ”
Jin Changxing roughly remembers that the copper price on the day of his accident was about 56,000 yuan, and it was still in the process of accelerating the decline.
At that time, I went to drink because I couldn't see hope, and my heart was like ashes.
During the more than a week he was hospitalized, he always thought that the price of copper might have fallen miserably, and he did not dare to ask this question because he did not dare to face such a cruel reality.
Now that it has reached this point, everything can't be avoided anyway, so he mustered up the courage to ask what the current situation of copper prices is, and he has a good preparation in his heart.
But he didn't expect to wait for such a result, not only did the copper price not fall, but rose again to more than 60,000 yuan.
Could it be that God is playing a joke on himself? I knew that this was the result, so why worry about it that day. It's better not to think about anything, and live in peace for more than a week, won't the price of copper rise again?
It's good now, but tossing and turning in fear not only didn't make any difference, but made myself disabled.
Thinking of this, his heart was like a knife, and he slowly turned his body to the left, with his back to his wife, his eyes were closed, and two cloudy tears rolled out of the corners of his eyes.
Li Xin locked the office door and was just about to go downstairs when Xia Xiaona's call came: "Have you gotten up?"
"I've gotten up early, guess where I am now?"
"Where?"
"I'm in the office. ”
"What are you doing in the office?"
"Alas, I slept in a daze and forgot that today was Saturday. I waited here until 9:00 and didn't see the futures market open before I reacted. ”
"You're so confused, what are you going to do today?"
"Don't do anything, go back and rest for a while. I stayed up late every night for more than a week and was seriously sleep-deprived. ”