Chapter 778 Decisive Battle of Crude Oil Futures (10)
The main short-selling institutions suddenly fell by a huge number of orders.
After briefly piercing $135, the WTI crude oil futures price fell sharply and fell back to around $134. Within one minute, it fell by one dollar and 100 gear range.
The main bulls reacted quickly, and the funds gathered, and were ready to respond.
At this time, the main short seller regardless of the cost, and another huge short order fell at the market price, and quickly pushed the price down, directly smashing through $134 with lightning speed.
Because the main bulls were in the long term, they took advantage of the positive news and attacked all the way.
I did not look back on a large scale and consolidated my defense line.
Therefore, with the sudden counterattack of the bear main institution, they directly lost two barriers of $135 and $134, and were forced to return to the vicinity of $133.
The bears' lightning attack has completely reacted.
Begin to take large-scale order consumption in a tit-for-tat way, and take the opportunity to pay the order below to consolidate the price.
However, at this time, the main short-selling institutions no longer continued to attack, but stopped and consolidated the $134,135 defense line again.
"Hey, this defensive counterattack is really fast."
Within Quantum Fund, Bazer looked at the changes in the market and felt very regretful: "The price failed to break through, the market momentum declined, and a large number of short-term speculative funds that followed the market. After the profits encountered a lightning retracement, in the next few minutes, if the market continues to be stalemate here, it should be closed when the market is about to get better and close the position and exit."
"$135, it shouldn't be touched easily."
"Now, the momentum is exhausted. After the bears counterattack, the subsequent defense pays the order has been followed. It is difficult to take another step and continue to recover $134."
"It's a good main attack. In a blink of an eye, it was reversed by the bears again."
"There will be a lot of short-term bulls who follow the trend in the future, which will have an impact on us. The bears will use this power again, and with the help of $133, it is not a solid support level, and it is likely that we will be forced back to the $130 stalemate again."
"It's a pity that I wasted a great opportunity!"
As he said that, Bazer shook his head repeatedly: "This Mr. Hua Guosu is very good at using short-term follow-up markets, and is very good at using the oscillating range to continuously pull the market advantage towards himself little by little. We have already suffered such a tug-of-war in the London battle and the pound trading."
"I didn't expect that everyone still didn't learn the lesson and made this mistake."
He knew Su Yue’s skillful means in trading technology, so he always strived to make steady progress, take advantage of the financial advantages and the continuous market favorability, and continuously suppress and force the other party to narrow the other party’s movement space and prevent the other party from having a slight room for counterattack. Unexpectedly...
With more and more capital giants participating, quantum funds are not fully dominant.
Although Bazer kept complaining, he couldn't change anything.
"Randall, withdraw the order!" Bazel said, "Pay orders around $130. This positive impact has passed. There is no support for $133 and it cannot stand it at all."
"And... I guess that Chinese capital should also fight back on market news."
Randall looked at the results of the price on the market and sighed in regret, nodded, and asked the traders to start withdrawing orders and paying for $130.
After the bulls' offensive was exhausted, as time went by.
Seeing that it was indeed difficult for WTI crude oil futures prices to continue to rise, they took advantage of the many short-term speculative funds that came with good news and began to appear one after another.
The large-scale explosion of warehouse receipts was originally a short-term investment fund supported by the main long institutions.
In a blink of an eye, it became a huge pressure for the main force of the long-term organization to take over.
Seeing the market change, Su Yue returned to the situation where the bears dominate, he couldn't help but breathe slowly and said, "Yunfeng, Mr. Nie, Manager Chen, take advantage of these short-term speculative funds and quickly leave the market in disappointment. He puts huge pressure on the main bulls' institutions. Continue to attack the bulls' defense."
“There is no substantial support around $133.”
"At this position, the market follows the trend and goes long, which is seriously insufficient and cannot help the bulls stick."
"So, the bulls can't defend this position. Let's fight back quickly and take the opportunity to regain the $10 deep defense space."
The three of them responded almost at the same time and quickly executed the instructions.
Su Yue thought about it and said to Cui Xianshi, who is in the New York branch: "Manager Cui, the money is spent, and the sound should be heard, right?"
"tomorrow……"
Cui Xianshi said: "Mr. Jeho Curtis said that in the public debate in the U.S. Senate tomorrow, a bill to curb speculation in the crude oil futures market will be proposed and will be the main object of tomorrow's debate to respond to the public grievances aroused by the continued surge in oil prices."
"If this bill, in public debate, receives overwhelming support from the majority of parliamentarians."
"Then, many speculative funds accumulated in the crude oil futures trading market will undergo a big change in choices."
Su Yue nodded slightly and said, "Since that's the case, let's wait a little longer. However, in terms of market negatives, we must continue to explore. Lehman Brothers, Merrill Lynch Group, Freddie Mac, and Fannie Mac, we must continue to pay attention, especially Lehman Brothers. This guy has invested hundreds of dollars in the cdo and cds trading market, and has been dragged down very seriously. This thunder must be exposed as soon as possible."
"Okay, I will continue to pay attention." Cui Xianshi said.
"Oh, by the way..." When Su Yue mentioned Lehman Brothers, Cui Xianshi thought of something and hurriedly said, "I heard that the Korean Development Bank is contacting Lehman Brothers and is preparing to accept part of Lehman Brothers' equity."
“There are rumors in the market.”
"Because of this news, Lehman Brothers has risen by 5% today, and its stock price has reached $17 now."
"Korea Development Bank?" Su Yue pondered for a moment and said, "The water of Lehman Brothers is very turbid. Let it go. Ford is an extremely arrogant person. As long as he feels that Lehman Brothers still have a glimmer of hope, he will not easily hand over control or sell Lehman Brothers at a low price."
"Okay!" Cui Xianshi replied.
Su Yue said: "If you have any important news, contact me immediately. Although today's Washington Economic Symposium is somewhat beyond the market's expectations, it is still within the scope of small-scale fights. Just relying on Precoster and the so-called top ten financial institutions, it cannot save the United States or curb the outbreak of the credit crisis."
Cui Xianshi continued to respond, then put down the microphone.
After Su Yue learned about the market information and explained Cui Xianshi, he came back to his senses and was about to focus his attention on WTI crude oil futures again. He answered the special line from Ma Fujun from the London branch.
"Chairman..." Ma Fujun said excitedly on the other end of the phone, "Good news, through internal news, the European Central Bank will release detailed economic data for the second quarter of the euro zone at 9 am London time tomorrow. It is said that this economic report is extremely bad. The entire European economy may experience negative growth on a month-on-month basis for the first time since 1995."
"Chairman, your judgment is accurate. After the 'sub-prime mortgage crisis' broke out, the turning point of the economic recession has finally arrived."
"It can be imagined how pessimistic the market's expectations will be after this report is released, and commodities will completely lose fundamental demand support."
Su Yue did not show too excited expression on his face and said with a smile: "The European economic recession is expected. Is there any abnormal movement in the commodity market?"
"I just fell rapidly, I don't know if it was the impact of the news." Ma Fujun replied.
Su Yue said: "Continue to pay attention to the news side. After market expectations become worse and worse, many financial institutions with high leverage and cash flow will quickly have problems. We must seize these opportunities and concentrate on promoting negative news to relieve the pressure on Miss Dana Yunice on the market."
The London branch, after being unable to control the Brent crude oil futures market.
Su Yue has asked Dana Yunis to give up his comprehensive layout in Brent crude oil futures and instead turn the short-selling battlefield and fully enter the commodity market.
"Chairman... don't worry." Ma Fujun said with a smile.
"Okay, then that's it!" Su Yue responded simply, and then hung up the phone.
When he turned around and turned his attention to wti crude oil futures again, he saw wti crude oil futures trading suddenly change, endless short orders surged out, with extremely huge momentum, instantly breaking through $133, breaking through $132, and attacking straight towards the 130 US dollar mark.
Everyone was silent in the entire trading room.
The traders stared at the almost straight dive, staring at the almost straight line, staring at the dive, not knowing what was going on, and not knowing who had launched such a rapid attack on the main bull organization that was occupying.
Chapter completed!