"Huh, what's going on?" Williams scratched his head, a little puzzled by how the $6,000 position was broken, and he asked each trader out loud, but the feedback was that their positions had not increased much, which meant that it was not their role to attack at $6,000.

The same situation was born in London, after all, the list of long and short sides of the whole number point is not a small amount, and they have to weigh it carefully if they want to eat it in one bite. It's just that what they don't know is that these short opponents were just eaten by Lin Haocang and those dissatisfied followers in their blank period.

"It seems that there is more than one force that has the same mind as us, so the strategy we made earlier may have to be slightly adjusted!" Williams said thoughtfully, touching his smooth chin after asking about the situation.

At this time, the price of copper has risen to $6,008 per tonne, the biggest daily increase in the last two months, but it is still rising dollar by dollar, driven by a steady stream of incoming funds.

In this case, if it is an ordinary investor, it may be possible to sell out the position that was absorbed at a low price and cash out, after all, it is the best strategy to settle in the pocket. But who is Williams, and how could he hastily stop when the situation is very good? He only thought about it for about half a minute, and then made up his mind: "If we continue to push up the price of copper, we must pull out a long green line today!"

Coincidentally, in London, the same domineering main force was doing the same thing, although he also realized that there was another bullish force in the market, nay, even two or three bulls.

After all, Yamashima Yokono has been immersed in this market for many years, and he has a general impression of the scale of funds and operation methods of various forces.

It's just that no matter how experienced he is, he can't see the specific strategy of other bulls, and what is said here is a strategy like "when to pull up, how much to pull, when to wash out the position through the suction cup", etc., but he firmly believes it. In this market, as long as it is what he wants to do, even 1me can't stop it.

Lacking awe, Yokono Yamashima, the rest is just madness

For the unusual fluctuation of copper prices, anyone with a little common sense of investment can see that this may be a premeditated rally, and those who are not afraid of death are to join in it, in order to establish a little bit of a position and get a piece of the pie in the process of rising.

The more experienced people are to open a long position in the main spot contract at the same time, and open a small short position in the far month contract to hedge. They know better than anyone else. This kind of copper price rise, even if it is supported by fundamentals, is very risky, because the bears will not let copper prices soar.

What's more, they choose to open short positions and bet on longs. Although their courage is commendable. But this time they clearly made a mistake. Because the strategy of two or three bulls to manipulate the market is not at this moment. It's not a one-day or two-day pull-up, and the reason why they are called the main force is because they are crazier than anyone else. All have the ability to determine the direction of the market.

··················

"Copper prices continue to rise, do you want to continue to open positions?" Wallace asked over the phone when a position of 50,000 long contracts was successfully established.

Of the 50,000 contracts, most of them were traded at $6,000.

Wallace was already wondering whether to go back and give this Mr. Lin a little discount on the commission, or offer higher leverage, in short, to keep this big customer anyway.

"What is the current copper price?" Lin Haocang did not directly answer Wallace's question, but asked what he could see on the computer.

"The price of copper is currently up to $6,010, but it has been there for a while, and it looks like the bears are starting to fight back!" Wallace was overjoyed and couldn't help but add his analysis. For brokers, this kind of behavior is very unprofessional, although it is permissible to provide trading advice to clients, but this kind of inducing advice is subject to a certain amount of responsibility.

As soon as Wallace finished speaking, he immediately realized that he was derelict in his duties, so he had to say curtly on the phone: "Of course, this is my personal opinion, Mr. Lin doesn't have to care too much." ”

Lin Haocang smiled slightly, naturally he didn't take his words too seriously, you must know that these brokers and analysts are all virtuous, today they say up, tomorrow they say down, the purpose behind them is to let you trade more, they naturally have a lot of commissions to take. To hell with responsibility, professionalism, or whatever, because only God can predict 100% tomorrow or the next!

"Keep buying 30,000 lots!"

"Buy another 40,000 lots!"

······

Hours later!

"Open another 60,000 long orders, the strategy is the same as before, I want to see what the situation is for the bulls!" Lin Haocang thought about it and placed a trading order. Open another 60,000 hands, and entrust a long position at the market price, and the total number of positions will reach 500,000 hands, which is already a very large position, and every dollar decline means that Lin Haocang's funds lose $12.5 million, but if it rises, it means that Lin Haocang's funds have earned so much money.

Before Wallace on the phone agreed, Lin Haocang added another sentence to himself: "After the 30,000 new positions are established, today's operation will end here." ”

"Uh......" Wallace only felt that the five thunders were thundering, he was shocked beyond measure, 30,000 contracts for a long term, in this kind of treacherous futures market?

It is important to know that there is no limit to the rise and fall of the copper futures market, and there is no limit to the number of positions, in other words, as long as the price is right, as many positions can be cleared in one day. At present, the daily position of the copper 3 market is about one million lots, and the daily market volume ranges from hundreds of thousands to hundreds of thousands of lots, that is, the small scale of the position is enough to close the day.

Although the overnight position is a long-term position, it requires sufficient capital support, which is not only reflected in the fluctuation of market prices, but also on the basis of the possibility of increasing the initial and maintenance margin at the exchange, which requires the support of a considerable amount of funds.

After these thoughts flashed in Wallace's mind, he understood that this customer was also a big trader, and he was also single-mindedly bullish on the market outlook, so he didn't say anything anymore, and was busy matching after changing lines.

To put it mildly, this is purely Wallace's delusion, because Lin Haocang has not shown to be long-term from beginning to end, except for raising the price of copper some time ago, and quickly emptying all his positions after making a profit, Wallace thinks that he is doing short-term funds.

After the order of 30,000 lots entered the market, it quickly detonated the market sentiment again. Although the number of orders and other situations can not be seen, the two sides of the transaction clearly feel that the degree of transaction is accelerating, and in this case, the copper price has jumped upward, and in less than ten minutes, it has risen to the price of $6,030.

Arguably, this instant order is the most visible and the most vulnerable. Because when the copper price soars, on the one hand, it attracts the attention of the bears, on the other hand, the small followers will desperately snatch the long swap orders and short orders in the market, and the most important thing is that when the single price increase begins to slow down, the followers will clear their positions in the first time, and then cooperate with the bears to short, and maximize their profits between the back and forth.

However, on this day, they were destined to be disappointed, when Lin Haocang's order quickly raised the price of copper, the United States and London were overjoyed, but they just watched the price of copper rise one price after another, and they had no intention of making a move.

In the original plan, it was to first raise the price of copper quickly to make the market active, and then release a part of the positions absorbed at a low price within a certain period of time, and then pull up the copper price again after taking the real money into the pocket, and so on, and finally exchange all the low-price chips absorbed by themselves, and then clear all the positions absorbed at this time at an acceptable price in a certain trading day or time period.

This process may take a while, even half a year or even longer, during which the price of copper may go back and forth several times, but they are not afraid because they have enough positions to keep their average price level at a very low level.

This is the practice of crossing the river dragon!

The approach of the landlords is different, they are targeting the short positions that are executed on the third Wednesday of the month, because once these shorts enter the market, they will be greeted by high-priced opponents, which means that they will lose a lot as soon as they enter the market.

Although the strategies of both sides are different, the ultimate goal is the same, which is to frantically raise copper prices!

As their opponents, the hedging bears even hope for this situation, because the current copper price is obviously undervalued, and the rise in copper prices will only have a huge profit on their sale of current copper, and this loss in the futures market can control the risk in an acceptable range as long as the loss is stopped in time, so although the loss is gradually increasing, they still continue to throw out the opponent's disk.

The biggest losers are those who are purely short, and they must continue to open short positions to turn the price of copper around, otherwise they will be greeted with a steady stream of losses.

Especially in the case of today's sharp rise in the market, they have no choice but to have a good fight with this rising force!

However, the best strategy they have done now is to let the copper price rise further, because the more it rises, the stronger the rebound, and the more room they can make a profit, so Lin Haocang's 30,000 buy orders have raised the copper price by more than a dozen prices in just ten minutes, which is due to them.

This is also the reason why Wallace was shocked when he heard that Lin Haocang held these long orders and did not continue to operate.

A buy order of 30,000 lots is really nothing, but under the influence of various factors, it was successfully closed in the end. Of course, among the lots of these transactions, the main transaction factor is the multi-exchange, and although there are a lot of empty openings, it is still a lot less than the number of lots that are exchanged!

When the price of copper rose to $6,032 and the upward trend began to slow down, the bears took it for granted that the bulls' capital offensive was insufficient, and they began to attack violently downward, hoping to suppress the upward momentum in a short period of time!

It's just that they are doomed to be disappointed, because on this day, there is not only one bullish main force pulling up the copper price, but two or even three bullish main forces pulling up the copper price, including not only the famous Williams Fund, but also Yamashima Yokono, who has been dominating the copper market.

After the price of copper futures stayed at $6,032, the volume and volume of transactions began to slow down, and the upward offensive also weakened. The bears saw the opportunity and did not hesitate to open a short position with a total number of close to 50,000 lots, which in one fell swoop pushed the price that was still on an upward trend to $6,020 and is still falling.

"Yamashima Yokono, are we ......" In the trading department in London, a trader whose face had turned red no longer took care of the most basic etiquette, and asked loudly to Yamashima Yokono, who was still an old god.

"Yasuda Murakami, is this your attitude towards your superiors?" Before Yokono Yamashima could react, another trader who was obviously older than this surnamed Fujiwara immediately questioned loudly: "Yaga, the spirit of the Yamato nation is bad in the hands of people like you, what a shame on the country!"

The idea that Dongying is a hierarchical society has permeated all corners of society, even the large clubs known for their modern management, especially among the older ones, and the ironclad rule that no class can be overstepped.

But the new generation of Toei people has gradually been westernized and has begun to speak out against this hierarchical society, which is why the trader dared to question Yokono Yamashima, and why he was immediately and harshly reprimanded as soon as he said a word.

People with old ideas want to maintain the original system. The new generation is eager to take the plunge and ready to challenge these potential rules.

This is what Yamashima Yokono is thinking now, and he still wants to listen to the next argument between the two, but the trader named Yasuda Murakaehara is dumbfounded first, maybe he doesn't care about the spirit of the Yamato nation at all, and he doesn't care about the shame of the country, but he cares a lot about the job in London.

Unlike most countries in the world, Dongying's enterprises generally implement a lifelong employment system for employees, that is, when an employee enters a certain enterprise, the salary and other aspects are basically linked to the number of years of service. If there are no accidents. This employee has been in this company for the rest of his life.

The sense of social responsibility of Dongying enterprises is extremely strong, especially large companies have a strong sense of cultivating talents for the country, so Dongying college students learn theoretical things in colleges and universities, and then continue to train in enterprises for three or five years. Then engage in higher, more refined, and more specialized research.

Yokono Yamashima opened his eyes leisurely, looked at Yasuda Murakami with an angry face, and then looked at another open-mouthed trader, and then said slowly: "What is our current position?"

"1.2 million lots, except for the short positions that are partially hedged in the far month, there are about 1 million other long positions, with an average price of $5,978. As soon as Yokono Yamashima's voice fell, Yasuda Murakami immediately replied.

"Close the new position opened today by 100,000 lots and try the market's reaction. Yokono Yamashima glanced at Yasuda Murakami deeply, and then said a little casually.

"What?" Now not only Yasuda Murakami, but even the older trader just now was a little confused, according to the strategy they had formulated before, but to pull up the price of copper in one go, but now they have to close a part, isn't it at this time to add a force to the bears out of thin air?

Yokono Yamashima didn't explain, and at his point, he basically didn't need to explain to anyone in the Chiba trading company department in London. He nodded slightly, indicating that he had nothing else to say. Seeing this, the two traders bowed and left in amusement, and then went to give the order that puzzled them.

In Yamashima Yokono's heart, he has always had doubts about the intentions of a bullish force that appeared some time ago, but this does not hinder his trading plan. In fact, when Lin Haocang's funds to raise copper prices appeared, he initially thought that it was the bullish force a few days ago, but after looking at the segment line a few times, he suddenly realized that in the large-scale transactions, there are long forces that are basically concentrated in the morning trading session, and in the afternoon, this force will basically no longer appear.

After a little thought, he realized that this must be due to the time difference, and the opponent may be from Asia or the Americas, and it should not be from the same source as another fund.

Now what he has to do is to force another bullish force to take the initiative to appear, because when he raised the price of copper in the first wave, he unexpectedly found that with the amount of money he invested, it was simply not enough to raise the price of copper to this point, and the most likely explanation is that this force, like him, chose to raise the price of copper today.

The closing order of 100,000 lots, combined with the counterattack of the bears at this time, may be able to suppress the copper price to the psychological threshold of $6,000. If this does not force the other bulls to show up, then he will consider using his own funds to continue to drive up the price of copper.

Thinking of this, he couldn't help but snort coldly, no matter who it is, as long as you want to play in this market, you have to ask him this big guy first!

......

At this moment, Williams Fund, seeing the price of copper fall from $6,032 to $6,020, and then continue to fall, has reached $6,010 in a blink of an eye, Williams still has no intention of acting, and traders are waiting patiently. And they are not in a hurry, compared to the price at which they opened their positions, it is still a profitable situation.

"Keep rising!" Williams' face changed as the real-time price of copper changed. He naturally understands the idea of another bullish main force, but others can afford it, he can't afford it, if he can't give investors a satisfactory answer in May, then the pressure of huge redemptions will force them to close their positions, and now he can only hope that the other bulls are also the same idea as him.

Naturally, even if it didn't rise on this day. But it can be pulled up at some point in the future. He is also acceptable, and what he is doing now is to send a signal, a signal of goodwill.

At his command, all the traders immediately went to work. Start the entry operation according to the original strategy. Copper was held up again when it fell to $6,008. The price began to grow slowly upward, but this time it was not as ferocious as when Lin Haocang directly smashed into 30,000 hands.

......

"Yokono, Yamashima, copper prices have started to rise again. It's just that at a relatively slow degree, it looks like the bears are changing positions, and the trading volume is about 10,000 lots. A trader noticed the situation and quickly reported it to his immediate boss.

"Sure enough, it's coming!" Yamashima Yokono is waiting for this news, he knows very well that this is not a short position swap, because the position price of the bears is definitely below this price, that is to say, some bears are still in a state of floating loss, and this falling band has caused the follow-up of the trend, in this case, the best strategy for the bears is to go all out and completely lower the copper price to $6,000, otherwise if they are supported at the integer point, it will be over.

The current situation is that there are other people supporting on the whole number point, which means that the main force of the bulls is starting to force, although I don't know where it is sacred, but Yamashima Yokono only needs to release a signal of goodwill now, and I believe that the other party can understand.

"All the orders that have not been filled just now will be withdrawn immediately, and another 50,000 new positions will be opened, and they will be operated according to everyone's authority, and they will work together at the integer point mark, understand?" Yamashima Yokono said with a straight face and a serious order.

"Yes!" Hearing Yokono Yamashima say this, the trader is a spirit, he knows this situation very well, this is the horn to go long, once upon a time, they fought with one short after another under such orders, most of the results were that they won, and this time I am afraid it will be the same.

With the entry of Williams Fund and Yokono Yamashima, the price of copper jumped up again after the previous madness, this time it surpassed the height reached by Lin Haocang's 30,000 hands, and rushed to $6,044. Here they met desperate bears, and in the end the bulls gave in a little and fixed the price at $6,032.

It rose by $58 throughout the day, which is not a very large increase, but the trading volume is 600,000 lots, which is more than double that of the previous trading day. This is a very obvious signal, almost all market participants understand that the bulls at this time to pull up the price of copper, either to establish a good position at the bottom, or to take advantage of the good news to make a profit, no matter what, it still depends on the market outlook.

......

And here, Anthony's face is a little gloomy.

Fortunately, at the last trading moment, he closed all his positions at the market price. After the end of the transaction, he was extremely depressed and said nothing, and went directly to the bar to get drunk, completely forgetting that he would continue trading the next day.

It just so happens that this trading day is close to the weekend, and Anthony has no need to worry about this day's trading, in fact, in addition to faithfully implementing Lin Haocang's instructions, the others are trading within his own authority The current situation is that Lin Haocang should pay attention to spot gold, bitcoin dynamics on the one hand, and on the other hand, he should also pay attention to the changes in the London copper market, and his more important thing is to study at the University of Scotland, which requires full dedication, which is already very laborious for Lin Haocang to take care of four aspects at the same time。

Anthony naturally understands this situation, and he also understands Lin Haocang's intention to put him in London, on the one hand, to familiarize him with the operation of the financial market, and on the other hand, there is no purpose to train him.

It's just that thousands of troops are easy to get, but one is hard to find, although Anthony is considered to be from a professional class, but due to his own personality and professional knowledge and other limitations, so far his performance in trading is not so good. During this period of operation, in the London copper market, except for the decent delivery of spot copper, there is basically no outstanding place in other aspects, basically a situation of losing a little bit every day.

In that sense, Anthony was able to reduce his losses to an acceptable level, which is already very rare.

On the weekend, Anthony got drunk every day, and then took a few women he didn't know back to talk about life, which was a typical weekend for white-collar workers in the financial city, who went crazy in alcohol, hormones and drugs, and then refreshed his spirits on the next trading day and continued to play the capital game like gambling.

"Mr. Anthony, the market has opened today, what should we do?" said Firmament Capital traders who were asleep when they called Anthony's apartment on Monday, May 9.

Anthony struggled to open his eyes, barely lifted his heavy head, and pressed down on the answering machine next to the bed, which already contained several messages, all of which were anxious replies from traders. After sighing lightly, "Go long today, just clear all your positions before the market closes!"

As for how this strategy was formed, it was purely because he was too lazy to go out when he saw the fog outside. Such a child's play operation is basically a rhythm of looking for death, at this time Anthony had a splitting headache, he couldn't care about anything, looked around, and now there was still half a glass of unfinished whiskey at the head of the bed, he brought it over and drank it all, which relieved the dryness in his mouth. Lin Haocang from Scotland called.

"The position was opened at 6039, which is currently down by $5, and the immediate price is at $6034. Listening to the report on the phone, Lin Haocang looked at the numbers coming from the computer screen and couldn't help frowning.

The current situation is that the copper price was pulled up by nearly $50 in the last trading day, but this price is nothing, but is this a signal of a bullish attack? Or is it a short-term operation?

Lin Haocang checked the inventory situation again, and now in the past week, the inventory of 1ME has increased instead of decreasing, although the increase in tons is not too much, but it is an unusual signal when it is rising.

"Open 10,000 more lots and pull the price up!" Lin Haocang couldn't figure out what the situation was for a while, he still needed to try, maybe some funds were working on a big plan, and this plan might be what he guessed.

Hearing Lin Haocang's instructions, the traders naturally did not hesitate to carry out the orders, but their capital scale and authority were very limited, and the 10,000 lots of funds used up most of the funds they currently have.

The long open position of 10,000 lots did not push the price up much, but only barely raised the price to $6,045, after which the price began to move again.

"Buy another 10,000 lots!" Lin Haocang waited for a long time, and there was no sign of other main forces entering the market, and then ordered again.

The trader waiting by the phone on the side of the "......" had a look on his face, they did not have enough authority, and Anthony was not there.

Lin Haocang waited for a long time, but there was no corresponding purchase order in the market, so he realized the problem. He sighed lightly, told the employees to pay close attention to the changes in the broader market, and immediately dialed Wallace's phone.

"Newly opened 10,000 lots of long orders, real-time price, June. Lin Haocang ordered.

"Okay!" Wallace, who was already very familiar with Lin Haocang's voice, didn't say a word, and immediately changed lines and began to match in the market.

The opening of a long position of 10,000 lots pulled the copper price up to $6,050 again, at which it met the resistance of some bears, but the resistance was not very strong, and the copper price rushed above $6,050 after a slight pause.

"Could it be that I read it wrong? Is it really just a short-term increase?" Lin Haocang couldn't help frowning when he saw the data on the computer. In his vision, this could be a long-planned rally by the bulls, but how could it be so weak on the second trading day?

What he didn't know was that in London and the United States, two stocks that were watching the copper price market at the same time were quietly watching the market movements, and in their vision, this day was reserved for the bears and followers to react to see how they understood the reaction of the previous trading day.

Therefore, when Lin Haocang raised the price of copper, they did not make a move as agreed, and it was rare for the two capital market operation masters to think together.

After Lin Haocang's two strokes, the market began to be active, and the long and short sides who were still waiting and watching began to enter one after another, and the trading volume began to be enlarged one by one, and the copper price fluctuated near $6050, and the long and short sides changed hands very much, obviously the competition at this price was very strong.

"Close all the positions!" Seeing that there was no clue, Lin Hao simply stopped operating, and ordered Sky Capital and Wallace to close all the new positions opened today. He wanted to see what the bulls were thinking.

It's just that this day is destined to disappoint him, until midnight Scottish time, the price of copper has only risen to the position of $6,060, and the transaction orders are concentrated in the range of $2,050 to $2,060. Seeing that there was not much time left before the market closed, Lin Haocang also lost interest in continuing, and was about to turn off the computer after hanging up the phone.

"Huh?" When his eyes swept over the computer screen, a strange place suddenly appeared, that is, before this month, there had been two or three months of copper prices have not fluctuated so violently, and in the past two days, there have been such violent fluctuations, according to the volume he saw, today's data is not inferior to the previous trading day, he has some understanding.

This is really a layout! Lin Haocang understood, he thought of another possibility, and looked at the trading volume of the previous few months, and now it is mainly buying. Seeing this, he was a little awakened to the fact that this situation might be what he thought, and there was a lot of money preparing to raise the price of copper.

"The time, the place, the people!" Lin Haocang sincerely admired, there should be no suspense about this rise, there is not only the support of fundamentals, but also the support of sufficient funds, maybe there will be news of a strike by copper miners in two days.

"Master!" Lin Haocang gasped, and immediately dialed the phone in London, and said to Wallace without hesitation: "Open another 30,000 long orders for me, market commission, as many as you want." ”

Wallace couldn't help but be a little stunned, this Mr. Lin still had 50,000 hands of long positions on the last trading day and did not close them, and today he opened another 30,000 hands, and the position will be 80,000 hands!

But after being stunned for half a second, it immediately occurred to him that these were not the questions he should have thought about. He immediately picked up the phone and began to consult with other brokers about prices.

With the entry of 30,000 buy orders, the copper price broke through $2,060, and even broke through $6,080, and finally closed at $6,077 under the sniping of bears, and the day's trading ended just now. In the end, the copper price rose by $45 on this day compared to the previous trading day, and the trading volume for the whole day was around 29 lots.

Anthony, who slept until the afternoon, woke up from his dream, and suddenly broke out in a cold sweat, he vaguely remembered that he said something similar to a long thing on the phone, which was just a random sentence he said, and he didn't take it seriously at all, and he didn't know if those traders really traded according to his instructions; Thinking of the treacherous waves in the futures copper market, he suddenly couldn't sit still, quickly put on a shirt full of wrinkles at random, and dialed the phone number of the trading department: "I'm Anthony, what's the situation now?"

"With a $45 increase in the whole day, we made 30 pips, almost all of our previous losses!" Although most of the trading has been closed by this time, there are still people guarding the computer in the office rented by Sky Capital, and after hearing Anthony's inquiry, the trader who stayed behind said happily.

"......" Anthony's head went blank, and it took a moment to react, it turned out that he had actually done the right thing, he couldn't help but let out a long sigh, and said with palpitations: "Not bad!"

In the depths of his heart, there is a feeling of the aftermath of the catastrophe. It's just that he made up his mind that he must get rid of the current erosive life, otherwise he may be doomed.

"Mr. Lin commanded us to carry out the operation, otherwise we would not dare to carry out such a high position operation. Before Anthony could come to his senses, the trader who stayed here couldn't wait.

Anthony only had a sigh left, he originally thought that these traders had met with luck, where would he have thought that Lin Haocang had seen through the main funds' plan?

On the next trading day, the bears may have realized the intention of the bulls and did not hesitate to severely suppress copper futures, as a result, the price of copper futures fell by $15 on this day, and on the next trading day, copper futures began to rise in retaliation, and finally broke through the $6,100 mark in one fell swoop.

On Thursday, May 12, the bears continued to gain momentum, with a trading volume of 640,000 lots for the day, only 100,000 lots less than the previous day, and the price of copper did not fall much under this strength, and finally closed at $6,102.

The bears are powerless to suppress, the bulls are poised to wait, and the explosion of copper futures prices seems to be inevitable.

"There has been a long market in which the bulls have been eating into long positions for the past two days, and according to our inference, there has not been much change of hands, which is clearly on our plan!" Williams and traders began a discussion after the close of the day.

Williams frowned, and said with some displeasure: "Our trading plan should not be leaked, and the position at the bottom is also very secretive, it should not be to see through our plan." ”

The number of lots traded in the copper futures market every day is about 600,000 lots, although this is carried out in tens of thousands of lots and so on, but it is not surprising that there are thousands of lots or tens of thousands of large orders in the intraday. To be strange in this kind of buying and selling contract, this is the intuition of traders, although this intuition is mysterious, sometimes very accurate, but who Williams is, how can he put the trader on this so-called "disk sense", so when he heard this statement, he subconsciously vetoed.

"No, according to my information in London, the current long position continues to rise, and in the past two days, several brokers have added hundreds of thousands of long positions to their accounts, and they are concentrated in the end of June and early July, which is a clear signal of optimism about the market outlook, I think this is either the other main bulls, or the speculators who are ready to follow us. The trader who spoke out just now retorted confidently.

In hedge funds, there is such a very good atmosphere, that is, no matter how high the position, as long as there is a different opinion, you can say it without fear. Because they want to invest in the global market, different investment varieties have different research methods, even Williams does not dare to say that he can be proficient in all markets at the same time, because it is simply impossible.

Williams muttered for a long time, and didn't say a word for a long time.

The rest of the traders were silent, knowing what Williams was afraid of, and they had already invested billions of dollars in the bottom-up plan. Although the price of copper has risen now, this part has made a lot of profits, but these funds will not be able to be set out for a while and a half, otherwise there will be such a large-scale liquidation in the market, and the price will definitely be affected, because this part is only a floating profit.

And once the funds dry up, they have no way to continue to raise the price of copper, although they have not made much moves in the past two days. However, the terrible situation is not this, but if the other bulls do not continue to pull up, they will lose all their efforts.

The worst thing is that if the current bulls are shorting their backhands, they may be trapped in this market, after all, each contract is only about $100 per ton more than the price when they opened the position, and this price may fall in one to two trading days, and then they will suffer terrible losses.

It has to be pulled up, and this is an inevitable situation for the Williams Fund, not only because of the large number of long positions that have been built, but also because the Williams Fund is losing a lot of money in the bond market and the currency market today, and they are all going to achieve a big victory for the sake of net value and to restore investor confidence.

"I'll go and apply for the amount, and I must make a profit in the copper market!" After thinking for a long time, Williams finally made up his mind. The other traders were relieved to hear Williams say this. In their opinion, billions of dollars of funds are undoubtedly a little too little to pull up copper in the long term, but since Williams said so, it should be more than that.

Within the hedge fund, fund managers need to come up with investment strategies and then hand them over to the risk control department to apply for a funding quota, so although Williams's status is far above that of other fund managers, the necessary procedures still need to be followed, but his application is easier than others, and the amount is relatively large.

......

London, the office building of Chiba Trading Company.

"Yokono Yamashima bears can't wait, they have fought back like crazy in the last three trading days, but the price of copper hasn't fallen much!" said Jiro Watanabe to Yokono Yamashima respectfully.

Yamashima Yokono looked at the happy Watanabe Murajiro, there was no expression on his face, and after waiting for a while, he said with some interest: "Since this is the case, then let them see how we manipulate the market!"

The joy on Watanabemurajiro's face intensified, and he naturally understood what Yokono Yamashima meant, and after a ninety-degree bow, he quietly left the office.

"Lonely and invincible!" Yamashima Yokono had an indescribable look on his face, only he was qualified to say this, yes, in this market, he was already close to being invincible.

......

On Friday, May 13, the copper price opened from $6,109, only to fall slightly below $6,100 at the opening, and then went all the way up, reaching a peak of $6,180, and finally closed at $6,170 at the end of the day.

On Monday, May 16, from the beginning of the market, the long and short sides began to fight, and finally the copper price stayed at $6,179 on this day, and the rise and fall of the whole day did not exceed the range of $10, and the trading volume was 720,000 lots, which shows the intensity of the battle.

On Tuesday, May 17, the next day before the May option was exercised, the bulls pulled to a terrifying level, because the closing price of this day will directly determine the opening cost of tomorrow's sky, and the bulls set a huge buy order at the floor price from the opening, even so, it was still suppressed by the bears at a price. But then the bulls began to attack, and finally at noon the price rose to $6220, the bears were naturally unwilling to be caught, the two sides came and went, and the big fight, and finally in front of the strong bulls, the bears could only barely stay at $6225.