Chapter 635: A Sharp Turn

Hirano Hidetomo was exhausted, and after many hours of continuous trading operations, it seemed to drain his strength, and in addition to this, there was also an unbearable pressure in his heart.

Although there are many traders who have stood on the side of Sumitomo Corporation because of the requirements of customers, everyone knows very well that what these people are doing now is just hedging risks, and financial companies are like widows, who can do transactions that do not stay overnight, especially financial companies with small households, especially those with small households, do not see the interest rate between banks and financial institutions, one overnight, and another one that does not stay overnight.

It stands to reason that there are so many traders who are risk-averse, and oil prices should always recover, but Hirano Hidetomo waits, waits, waits,

"What is it that gives Pan Asia confidence?" Hirano wanted to think about when he had time, but he was more concerned about "let's get it done quickly".

After this farce, tomorrow morning, he will be given plenty of time to consult the peak, so that although he has to take responsibility, he will not bear everyone's responsibility as he does now.

"I guess I'll be transferred overseas. Hirano thought to himself: Maybe I'll be transferred to a good place, such as Europe, or Singapore, and in any case, I'll take on the responsibility that I don't have to bear myself.

"Sell, sell!" cried the vulture's disgusting cry again.

Hirano Hidetomo looked around, and there were finally a few more pick-ups. A little relieved. It's no better than noon, when it's full of short sellers, counting on following the trend to make money. In fact, those who followed the trend at around $17 made a lot of money, and those who followed the trend did not make much, but they did not lose anything.

At that time, it was almost the time when Hirano Hidetomo was most desperate, even if it was a few hours later. Hirano still shuddered.

Fortunately, the price has stabilized.

Hirano stood in the pool, having a little free time, and took the opportunity to look around.

The exchange is like a colonial bazaar. Although there were expensive things for sale inside, the buyers and sellers roared and danced like savages, and everyone's faces were distorted, and some of them might be outwardly calm. But just watch carefully. You can sense the madness in the corners of each other's eyes.

Milton, nicknamed Vulture, is even more crazy in the madness, he was originally a proprietary trader in a medium-sized Dutch bank, that is, a trader who uses the difference between bank deposits and loans to arbitrage, the transaction scale is not large, and the trading methods are also very simple, but he is unwilling to do things according to the rules, which has caused tens of millions of dollars in losses to the bank...... Fortunately, I didn't lose my license, so I became an execution trader who worked for clients. But in terms of character, such a scene. But it was Milton's dream.

I saw Milton taking the initiative to sell crude oil for a while, and then drilling in front of other traders to sell crude oil contracts, busy with joy, sonorous gestures, and serious eyes...... And look outside from time to time.

Hirano looked into Milton's eyes, his pupils shrinking sharply.

"Su Cheng - this guy, is he here to show off his might?" Hirano Hidetomo couldn't wait to throw his eyeballs out and smash this Chinese head bag.

At this time, Su Cheng was wearing a hard-core suit, a serious tie tied to his neck, his eyes were condensed, and the bridge of his nose was straight.

Shigeru Nishioka also noticed Sioux City, ran down from the second floor, and said to Hirano Hideto, who had walked to the side, "Your Excellency Ito asked you to pay attention to market fluctuations. ”

He didn't elaborate on which Ito, and Hirano Hideto's didn't care.

"You mean Sioux City? He's here to experience it. Hirano said almost to himself.

Shigeru Nishioka didn't know if he heard it clearly, so he explained what he said, and went to the side by himself.

Hirano Hidetomo looked at Sioux City, always feeling that something was wrong in his heart, and he couldn't say what was wrong.

If you want to experience life, most cautious people will choose to close the contract they hold and then experience it, Pan Asia Fund is a real heavy holding, even if you want to get out now, it is not a few hours to do it, Su Cheng came to the trading pool to do a leisurely state, it is not a very good choice.

Of course, there are people who do this, but they are different from Sioux City, which Hirano Hidetomo has specially learned.

But if he wasn't hanging out, Hirano Hidetomo couldn't think of a reason.

In this kind of market trading pool, in addition to the big ups and downs of the crowd agitation, other times is just the bustle of the warm water, to see from the outside is not impossible, but to say the least there must be twenty or thirty years of Taoism.

No matter how you look at this Sioux City, it doesn't seem like someone who knows it well.

Thinking of this, Hirano Hidetomo set his sights back on the trading pool and continued his semi-mechanical work.

The existence of Sioux City has also become irrelevant.

A few minutes later, Hidetomo Hirano's electronic screen vibrate, and he naturally picked it up and looked at it, only to see that it was written in English: There are reports that OPEC's crude oil reduction plan has run aground.

Hidetomo Hirano's brows suddenly furrowed, and he thought: There is a lot of bad news today.

The financial media reports OPEC news every day, some of which will work, some of which may not, and it is not easy to produce immediate results, otherwise, as long as you bribe the editors and reporters of one or two major newspapers, you can earn tens of millions of dollars, and there will always be high-level scammers who can't help it.

However, in this case, there is nothing wrong with taking a pause. Hirano leaned to the edge of the trading pool, ready to get more specific information from the delivery man.

After struggling to squeeze to the edge of the trading pool, Hirano Hidetomo first gasped for breath, and then found three delivery men in front of him.

"Someone changed?" Hirano Hidetomo was looking for a familiar newspaper carrier.

A European stretched out his hand from behind and said disdainfully, "It's for me." ”

"You're very well informed. Hirano said with a smile that he was going to be in the trading pool for a long time. If not allocated. So, as he did in a Japanese company, he first built a good relationship with his seniors.

The Europeans glanced at him. Sure enough, I didn't say anything more.

The other party turned around and left, and the delivery man of Sumitomo Corporation also handed the things to Hirano Hidetomo with a solemn face.

He looked a little surprised, and the first thing he saw was the Japanese application.

"Nihon Keizai Shimbun?" This is a big newspaper, Hirano Hidetomo said strangely, "What do you mean, how is it a Japanese newspaper?"

"It was a newspaper that had just been released, and we also asked the Ministry of International Trade and Industry and the Ministry of Foreign Affairs to confirm foreign news. It is highly likely that OPEC has given up on reducing production capacity, and their negotiations have not gone well, and the reporter has found it. "The exchange with the trading pool is very time-convincing. The newspaper delivery man was also quick to speak.

Hirano Hidetomo couldn't help but look at Sioux City, the man in the light-colored suit standing there as if unconscious, without the slightest expression on his face.

"It can't be him, anyway. This is also OPEC. Hirano nodded vigorously. "I'll observe." ”

OPEC's tapering plan is not new, but news that has been coming out since the beginning of the year, and the OPEC ministerial meeting a few months ago has put it on a formal bill and is waiting to be voted on, which caused the price of oil to rise in the market at that time.

It can be said that the price of crude oil was able to exceed $18, thanks to this plan.

The rationale for the reduction is also valid. Crude oil production in Iraq and Kuwait resumed, and U.S. economic indicators failed to meet expectations. As a result, the world crude oil market is oversupplied......

Such an agenda is not easy to put up, and it is even more difficult to fall.

"It's not OPEC's official conclusion. Hirano returned to his position with such thoughts, and instead of making any more trades, he looked around with some uneasiness. Sumitomo Corporation, like the Pan Asia Fund, has made a heavy position, not that it can be withdrawn, especially in such a trading pool of artificial bidding, the big short roars to close the position, and everyone else does not immediately become a long party, and then excitedly take out a knife to divide the meat?

He's watching others, and they're watching him.

Before the situation became clear, only a few guys who were fishing in troubled waters entered the lively trade, and many more stopped what they were doing.

The price of crude oil has fallen slightly, but it is the appearance of 10 cents, which does not make much difference.

But at the same time, the office of the Pan Asia Foundation was already full of jubilation.

A 10-cent to 15x leveraged crude oil futures trade is nothing, but a spread trade of 300x to 500x is powerful.

Since the London Stock Exchange is more susceptible to international trading, while the price of crude oil on the New York Stock Exchange is more dependent on domestic supply and demand, OPEC's decision affects the oil price of the London International Crude Oil Exchange first.

With the current low level of the New York Stock Exchange, it is unlikely that it will fall further.

"When the profit is raised, the size of the spread contract should be gradually reduced. "Sioux City also knows the risk of hundreds of times leverage, and will not continue to do it like short crude oil.

The Pan-Asian treasury increased, and Milton's morale naturally increased greatly, and he sold crude oil again and again for a while.

Thanks to his efforts, the price of crude oil also slowly fell until it approached the $16 mark.

"This guy ......" Hirano Hidetomo gritted his teeth and stared at the quotation, taking out the electronic screen from time to time to check.

Rumors are growing.

With OPEC all present, will Sumitomo Corporation continue to follow suit? The losses are increasing.

However, if Sumitomo Corporation does not follow up and oil prices plummet, it will be difficult to recover the damage.

"If we can use a lot of money to force up the price of the August crude oil contract, we may be able to solve this dilemma. Hirano was startled by his thoughts, but the more he thought about it, the more feasible he felt.

With the strength of Sumitomo and Ito Trading, if they go all out, not to mention controlling the market, they can still turn the situation around. Even if the two comptoirs have reservations, it is still possible to find allies in this market.

Hirano thought that Pan Asia Fund and many financial companies had invested a lot of money in the $16 price, and as long as they forgot the loss caused by $18, using $16 as a starting point might really cause a short market.

If the contract price rises step by step, as the delivery date approaches, the bears are no longer willing to pay a high price to close the position and admit losses.

It's just that there are too many funds to be mobilized.

With no way out, Hirano Hidetomo came to the trading pool again and called out to Shigeru Nishioka.

…… (To be continued......)