Chen Hui slowly looked at the trend chart of New York Copper (COMEX), and he made up his mind, and now New York Copper is at 320.45.

It has just been falling for a period of time, and now it is the pullback stage in the process of falling.

The general trend is still going downward.

The trading unit of New York Copper (COMEX) is 25,000 pounds per lot, and the minimum change unit (pip value) is 0.05 = 12.5 USD, which means that one pip fluctuation per lot is a profit or loss of 250 USD!

New York copper usually uses 5 times the trading leverage, Chen Hui plans to use $50 billion to short New York copper!

Now, because of the Federal Reserve and the slowdown of the world economy, the world's commodities have begun to slowly enter a bear market, and copper is the most affected!

According to the principle of supply and demand, when the supply of copper is greater than the demand, the price of copper falls, and vice versa. One of the most important indicators of the supply and demand relationship of copper is the inventory of copper, which traders must pay attention to.

In general, there are two types of copper stocks: reported and non-reportable. Reported inventory refers to the inventory of exchanges, and the largest copper futures exchanges in the world are the London Metal Exchange, the New York Mercantile Exchange and the Lushi Futures Exchange.

All three exchanges regularly publish the inventory of designated warehouses. Non-reported inventories refer to inventories held by producers, traders and consumers worldwide. Since these inventories are not regularly disclosed to the public, it is difficult to keep a count, so the supply and demand of copper are generally measured by exchange inventories.

Whether the global economy is booming or not has a great impact on the price of copper, copper is an important raw material, and its demand is related to the global economic situation. In economic booms, copper demand increases, which leads to copper prices, and in recessions, copper demand shrinks, which causes copper prices to fall.

Investors can look at various economic indicators, such as GDP growth rate and industrial production growth rate, to understand the current state of the global economy, so as to analyze the medium- to long-term trend of copper prices.

Based on the big data collected and summarized by his subordinates, Chen Hui also found that the global economy is becoming more and more sluggish.

In particular, Chile and the United States are the world's top two producers, accounting for 40% of the world's copper production, while the United States is concentrated in the west, and Arizona accounts for 65% of the country's national output. The United States is the largest consumer of copper, followed by Russia and Dongying, which account for about 50% of the world's consumption, and the other major consumers are Britain, Germany, and the building continent.

The import and export policies or tariff policies of these countries will also affect the international copper price.

The consumption of copper is a direct factor affecting the price of copper, and the development of the copper industry is an important factor affecting the consumption. In the mid-80s, the electrical industry accounted for the largest proportion of copper consumption in the United States, Eastern England and Western European countries, and after entering the 90s, the construction industry used copper for pipes increased significantly, becoming the largest copper consumption industry, so the housing start rate in the United States has become one of the factors affecting copper prices, and investors will pay attention to this economic indicator.

Recent months have shown that housing starts in the U.S. are in the doldrums.

And now, with the development of copper smelting, the production cost of copper is decreasing.

At present, the average cost of pyrometallurgical copper smelting in the world is US$1400-1600/ton, and the cost of wet-process copper smelting is US$800-900/ton. Nowadays, with the progress of science and technology, the technological innovation of major copper merchants has reduced the cost of production.

With many producers now using wet smelting, the world's total copper production will increase rapidly, reducing production costs and driving down copper prices.

Moreover, the price fluctuation of crude oil will have an impact on the price of copper, crude oil and copper are important international raw materials, and their strong demand can best reflect the quality of the economy, so in the long run, the level of oil prices and copper prices is closely related to the speed of economic development. As a result, there is a certain degree of positive correlation between copper prices and oil prices. Copper traders can refer to the rise and fall of crude oil prices to grasp the price of copper. If a reasonable rise in oil prices shows a slow economic recovery, then the rise in oil prices will lead to an increase in copper prices. However, if oil prices continue to soar after rising to a reasonable level, investors will turn to care about the negative impact of the surge in oil prices on future economic development, and even lead to an inflationary recession, at which point the rise in oil prices will become a negative factor for the copper market. Therefore, light crude oil futures and copper futures also have associated fluctuations.

Chen Hui looked at the trend chart of international crude oil again and smiled.

"All fundamentals are leaving copper!"

"Copper has already begun to turn around!"

"It's been a big drop for a while!"

"Although the price of copper is still rebounding, I can start shorting copper!"

"It's a good opportunity for foodies!"

"Others are worried about the rise in copper prices, but I'm not worried!"

"Just use $50 billion to short him!"

"5x leverage!"

Thinking of this, Chen Hui immediately called Hu Jianghu and connected it.

"Lao Hu, take the trading team of Blackshirt Capital to Singapore!"

Hu Jianghu said: "Chairman, I forgot to tell you, I am now on vacation in Singapore with dozens of people!"

When Chen Hui heard this, he immediately said: "Hurry up and bring someone to Temasek Building, and I will hand over anything to you!"

When Hu Jianghu heard this, he immediately said: "Okay, Chen Shao, you wait for us, let's go over!"

They had just taken less than a week off, and everyone had traveled all over the world, but there were still 50 people who followed Hu Jianghu to Singapore, Indonesia, and Brunei.

Chen Hui ordered: "Hurry up, come over tonight!"

"It's Chen Shao!"

After hanging up the phone, Chen Hui followed Adam to open a long position on EUR/USD!

····

In the middle of the night, Hu Jianghu finally came to Temasek Tower with 50 people, many of whom did not even change their clothes, wearing big pants, swimsuits, and sunglasses...

Fortunately, they chose Singapore for this stop, otherwise this mission might have been missed!

Chen Hui looked at the people who were obviously still on vacation, and immediately chatted with everyone for a while, and finally Chen Hui said solemnly: "

This time you're in charge of shorting copper!"

"With $50 billion!"

"5x leverage!"

"If you can, go and open a short position now!"

"Okay, don't look like a dead mom and dad, I haven't taken any vacation, you guys take a hairy vacation!"

Saying that, Chen Hui immediately said to Hu Jianghu: "Call me all the other fifty traders who are on vacation around the world and come back to Singapore!"

"That's fair!"

Chen Hui said, Hu Jianghu and all the traders began to call frantically, harassing other traders who were on vacation all over the world!

As a result, many people stopped traveling in a hurry just a few days after they came out to play, and soon after receiving the call, they immediately booked a ticket to Singapore.