Chapter 557: Is 38060 the End?(2)

If the small white candle on October 14 had already made him struggle with whether to close the position, then now this middle pole white candle with a considerable amplitude in the physical part has once again brought this problem in front of him.

Today's closing price has closed at 39,210 yuan, which is very close to the integer mark of 40,000 yuan. The question he is facing now is that if the price continues to rise after the opening of the market tomorrow, and there is a time when it is approaching or even breaking through the integer mark of 40,000 yuan, should he hurry up and stop winning and leave?

Today's trend in London copper prices is really quite intriguing. When the copper price in the domestic futures market rose sharply, the intraday London copper price also soared to a high of $4,950, which was not small compared with the previous trading day.

However, as time went on, by the time the domestic futures market closed at 15:00 in the afternoon, the London copper price was getting lower and lower. At 15:30 in the afternoon, when Li Xin called up the London copper price, its price had fallen to $4,758, which was still down from the closing price of $4,835 on the previous trading day. This trend is very different from the upward trend of copper prices in the domestic futures market.

However, because the trading of London copper continued until 2 o'clock in the morning tomorrow before closing, Li Xin did not dare to draw conclusions at this time, and only waited until tomorrow morning to see what the trend of London copper and the Dow Jones Industrial Index was, and then decided whether to take profit and leave the market tomorrow at the integer mark of 40,000 yuan.

At 21:30 in the evening, the Dow Jones Industrial Average opened at 8852 points and then fluctuated higher. At 22:01, the index rose to 9094 points after a wave of small **, an increase of 241 points, or 2.73%. Although there was a wave of correction after that, at 23:12, the index returned to around 8883 points, but the index that found support near this low continued to rise again, and by 2:00 a.m., the Dow Jones rose again to 9052 points, an increase of 200 points, or 2.25%, compared to the previous trading day.

After 2:00 a.m., the Dow Jones is still gradually fluctuating higher, and by 4:00 a.m., the Dow Jones Industrial Average closed at the highest level of 9266 points, up 413 points, or 4.67%, and closed out a bald and barefoot mid-pole bullish line, whose opening point is the lowest point of the day, and the closing point is the highest point of the day.

However, the trend of London copper prices is in stark contrast: at 2:00 a.m., the Dow Jones index rose by 2.25%, but at that time, the London copper price closed with a small black candle, closing at $4,720, down $115, or 2.38%, compared with the previous trading day.

The black candle that London copper prices closed last night does not seem to be affected by the sharp rise in copper prices in the domestic futures market yesterday, nor is it completely affected by the sharp rise in the Dow Jones Industrial Average last night, and it has come out of its own decline.

Tuesday, October 21.

Early this morning, Li Xin was a little puzzled by the trend of the London copper and the Dow Jones industrial index: The small black candle of the Dow Jones index with long upper and lower leads on the previous trading day was obviously a weak upward momentum, but why did it close such a big positive candle last night? Could it be that the negative candle on the previous trading day was just a relay station in the process of rising, not a signal of the end of the rise?

If the relationship between the Dow Jones index, the London copper price and the copper price in the domestic futures market was that the Dow took the lead, London copper followed, and the copper price in the domestic futures market was the third, then from yesterday day to 4 o'clock in the morning close, the leading order of the three markets has undergone earth-shaking changes: first the copper price in the domestic futures market rose at 15:00 yesterday afternoon, and then the Dow Jones index rose last night. However, the trend of copper prices in London, which closed at 2:00 a.m. this morning, is downward, and it has neither followed the rise in copper prices in the domestic futures market nor the rise in the Dow Jones Industrial Index.

In the past, the trend of London copper prices at 2:00 a.m. was very close to the trend of the Dow Jones Index during that period, but the 2.63% rise of the Dow Jones Industrial Index at 2:00 a.m. today did not have any impact on London copper prices, which made Li Xin feel very strange.

And the next trend of London copper surprised Li Xin even more.

At 8:00 a.m., copper in London opened at $4,780, a price up $60 from last night's close of $4,720, and seemed to follow the Dow Jones' closing rally last night.

After the official start of trading at 8:00, the London copper price was really instantly pulled up, and in less than a minute, the price rose to a high of $4,842. However, this rise was short-lived, and in the blink of an eye, the price began to fall from the $4,842 position, and just two minutes later, at 8:03, the London copper price had fallen to $4,634.

It fell from its peak of nearly $210 in just two minutes, and the white candle that appeared shortly after the opening instantly turned into a negative candle, down 1.82% from yesterday's close.

The trend of copper prices in London yesterday had nothing to do with the trend of copper prices in the domestic futures market, which Li Xin was very impressed. But he was also impressed by the fact that in just three minutes after today's opening, the trend of London copper prices seemed to be replicating yesterday's domestic futures market after the copper price first rose sharply, and then was quickly suppressed down the trend, could it be that today's London copper price will also be like yesterday's copper price in the domestic futures market to launch a wide range of shocks?

There's no reason for that, and if it really wants to do that, why didn't it do it yesterday and leave it until today?

The Dow Jones index rose sharply last night, but the trend of Kelun copper last night and this morning fell, which made Li Xin completely unable to guess what would happen to the copper price in the domestic futures market after the opening today.

But he already has an extra string in his head at this time: if the price shows signs of breaking through the 40,000 yuan mark and continuing to rush up, then he will not hesitate to take profit and leave the market.

At 8:59 a.m., the call auction in the domestic futures market came out, and the opening price was 38,710 yuan. This price is down 500 yuan from yesterday's closing price of 39,210 yuan, which is obviously caused by the decline in the closing price of London copper at 2 o'clock in the morning and the continued decline after the opening of London copper this morning.

Li Xin couldn't understand why the trend of copper prices in London and the domestic futures market at the opening today ignored the sharp rise in the Dow Jones last night, what is the reason?

Just when he hadn't figured out this problem, at 9:00, the futures market opened, and the copper price in the domestic futures market quickly rose from the opening price of 38,710 yuan to 38,890 yuan in an instant, and this rise lasted only one minute, and then at 9:01, the copper price fell rapidly from the high point of 38,890 yuan, and after just 12 minutes, at 9: At 13 o'clock, the price has fallen to 38,160 yuan, down 1,050 yuan compared with yesterday's closing price, a decrease of 2.68%.

Because yesterday's copper price in the domestic futures market closed a mid-pole white candle, plus the Dow Jones Industrial Average closed a long white candle at 4 a.m. Although the trend of London copper last night and this morning is lower compared to this, Li Xin did not think that copper prices will fall sharply today before the market opens.

In addition, the copper price in the domestic futures market in the first two trading days was widely fluctuated within an hour after the opening, so for the rapid decline in prices after today's opening, Li Xin also believes that this is just a prelude to a wide range of shocks. It is very likely that the price of copper will fall sharply to a low level at this time, and then surge sharply after ten or twenty minutes.

Sure enough, after the price fell to the line of 38,160 yuan, it launched a small rebound, and at 9:20 seven minutes later, the price rebounded to 38,370 yuan.

Just when Li Xin thought that copper prices would rebound quickly and sharply from the low level like the previous two trading days, this wave of small rebound stopped, and the price began to hover in this line, and after just three minutes, the price fell rapidly from 38,320 yuan to 37,940 yuan.

Then the price fluctuated in a narrow range of 37,940 yuan and 38,130 yuan, which lasted for 25 minutes.

Looking at such a trend, Li Xin gradually felt that today's situation seemed to be completely different from the trend within an hour after the opening of the previous two trading days, because after the opening, the price quickly fell below 38,200 yuan in the first wave of decline, and there was a wave of small shocks, and the platform of its shock was 38,200 yuan. In the process of the second wave of decline, the price quickly fell below the 38,000 yuan line and then launched a wave of small shocks, and the platform of this wave of shocks was 38,050 yuan. This trend is one step after another, and there are no obvious signs of upward movement, but there are obvious signs of downward movement.

At the same time, the decline in domestic copper prices has further affected the London copper price, which is also gradually declining.

The fall in copper prices is definitely good news for Li Xin's short orders, but the Dow Jones soared sharply last night and made him dare not take the trend of copper prices lightly.

He secretly speculated in his heart: he originally expected the trend of the Dow Jones to rise and fall, but he didn't expect its trend to be contrary to his prediction and closed a long white candle. Now it is the London copper price and the copper price in the domestic futures market that are the first to rise and fall, what does this mean?