Chen Qiaoshan personally stared at the hotel, naturally no one disobeyed his instructions, and the three million US dollars were finally smashed into it.

The international crude oil futures market is large enough, and it can theoretically reach 400 times the leverage before deleveraging, but no one would do this under normal circumstances.

The leverage on the floor is generally maintained at about 30 times, if it is a contract in the current delivery month, a single can not exceed 3,000 net positions, Chen Qiaoshan now holds nearly 7,000 short orders, whether it is the leverage ratio or capital investment, it is far beyond the average speculator, no matter how you look at it is extremely risky.

Unsurprisingly, the all-time high has finally arrived.

Overnight, with a loss of more than 13 million Hong Kong dollars, Chen Qiaoshan was able to go back to his room to sleep calmly, and none of the remaining three people could be calm.

After keeping watch all night, Cecil was also a little tired.

Outside the window is Victoria Harbour in the morning mist, the original tranquility has been broken, from time to time there are freighters and yachts rowing across the sea, he thinks about whether to go back to his room to sleep, or go to the restaurant downstairs to have a hearty breakfast, but thinking of last night's loss, Cecil is not in a good mood, although the money is not his, but it is not a pleasant thing to meet a stubborn boss.

Suddenly, Lu Zhaolin, who replaced him in front of the temporary workstation, burst out and said, "Oh, Shit!"

Cecil was taken aback, this Singaporean colleague has always been known for his calmness, and rarely when he is excited, he can make him explode, and things are obviously not simple.

Yesterday was the day when the American Petroleum Institute released its weekly inventories, but the data has not come out for a long time.

Cecil suddenly had a very bad feeling in his heart, and his first reaction was that something was wrong with the trade.

Last week, the U.S. Department of Energy announced the use of crude oil reserves, crude oil inventories fell by nearly three million barrels, affected by the release of data, TI rose more than 3% on the same day, and exceeded $50 for the first time, if the inventory continues to decrease this week, it will inevitably continue to promote the trend to continue to rise.

Cecil is a thriller, if the speculation is true, the trading price in the after-hours session will definitely rise rapidly, and there may not be time for them to react.

A single death?

Cecil had this word in his head, and it was the most feared thing for traders, but it was not uncommon, and he absolutely did not want to be in such a situation when he was trading on his own.

Seeing that Lu Zhaolin stared at the screen and did not react, Cecil became more and more convinced of the conjecture in his heart, and he asked, "Lu, what's the situation?"

Lu Zhaolin clicked on two pages in a row, signaling Cecil to look at it himself, he stood in front of the window and glanced at it, one is Bloomberg's news end, and the other should be the homepage of the American Petroleum Institute, the black and white page is too conspicuous, except for the three blood-red letters of API and an oil well, from font to typesetting, there is no beauty at all, but Cecil knows that it is such a website, but it is a barometer of TI crude oil, because this is the information release channel of the American Petroleum Institute.

Even now, Cecil didn't bother to think about it.

He took two steps forward, first looked at the message on the API page, the data on the screen, stayed up all night, he didn't bother to check them one by one, and directly turned the target to the news side, and a bold title hung on the screen: API data for the week was released, and U.S. crude oil inventories unexpectedly increased sharply.

"What? how is it possible?" Cecil's face was full of astonishment, and the whole person was almost petrified on the spot, and the market suddenly reversed without anyone expecting it, which was almost a bombshell to the trend of crude oil futures.

Lu Zhaolin glanced at him and said with a wooden face: "API crude oil inventories increased by 7.1 million barrels that week, and the previous value decreased by 3.26 million barrels, and refined oil inventories decreased by 210,000 barrels, and the previous value decreased by 2.4 million barrels, and the weekly inventories soared by ......"

Without him having to go into detail, with just one headline, Cecil already understood what that meant.

A decrease in inventories indicates strong demand, and an increase indicates an oversupply of crude oil, which directly affects the trend of the market.

Crude oil has two important data, API and EIA, the latter has a higher impact than the former, but API is the most important indicator of the market.

Cecil finally understood why Lu Zhaolin burst into foul language, the market originally expected that the inventory would be further reduced, but the situation reversed, and the crude oil inventory increased sharply, which indicates that the demand in the United States is weakening, as the current largest crude oil importer, the crude oil demand is expected to decrease, which is undoubtedly a major bearish.

Indeed, NYMEX crude oil futures have dived, and less than a quarter of an hour after the news was revealed, the trading price quickly closed down $1.52, a drop of 2.7%, and when the market fully digested it, the decline may be more than that.

Looking at the real-time trend, Cecil and Lu Zhaolin were speechless.

Both of them are veterans in the industry for more than ten years, and they can't beat Chen Qiaoshan, a young man, and oil prices have fallen, and the winners and losers are basically clear, so how not to embarrass them.

Experience or technical analysis doesn't guarantee invincibility, and Cecil has to admit that intuition can sometimes be more important than experience, and of course, not everyone dares to try.

"Chen is a gambler, we didn't make a mistake in our decision, we can only blame the market for changing too fast. Cecil sighed, a little self-comforting.

Lu Zhaolin smiled bitterly on his face, last night the two of them were still waiting to see Chen Qiaoshan's joke with a tacit understanding, who knew that the situation had changed, and now they have become a joke, there is no hero when there is no hero, how can it not be embarrassing to make the shaft famous.

After being silent for a while, Lu Zhaolin said, "Call Elliot and ask him to inform the boss." Chen Qiaoshan lives in a hotel-style apartment on the top floor, and he can find someone with a phone call, but neither of them mentioned it, as if they had forgotten about it.

By the time Elliot arrived, it was already half an hour later.

He left in the middle of the night, but his face did not show any fatigue, but was full of smiles, and as soon as he entered the door, he said: "I know the situation, how is the trend now?"

"The current range price is as low as $53. Lu Zhaolin replied, and then asked, "Do you want to inform Mr. Chen of the situation?"

Elliot didn't answer, went to the window and took out his mobile phone, dialed it, said a few words in a low voice, and hung up the phone.

Today may be the biggest drop in the last two months, there is no doubt that Chen Qiaoshan bet right, as of now, oil prices have fallen by more than two US dollars, not only in one fell swoop to close the book loss, but also to make a big profit.

Cecil had some doubts in his heart, Chen Qiaoshan's seemingly stupid and bold move last night was now inevitably making people think about it a little more, and he couldn't help but ask: "Elliot, what did the boss say?"

He didn't say anything. Elliot had a strange look on his face.

The situation is even more weird than he said, Chen Qiaoshan is still sleeping, and it is not difficult to hear from the slightly vague words that the boss seems to have expected this situation, but how is this possible?

Cecil and Lu Zhaolin were both stunned, with a floating profit of more than 10 million on their books, and they probably couldn't be calm if they were any other person.

Under the drastic fluctuations in the market, it is even more necessary to synthesize the news of all parties, especially the opinions of professionals, but Chen Qiaoshan still ignores it, which is obviously unreasonable.