896 plummeted by 1,400 points
"Hundreds??" Lin Jing was even more puzzled, did she earn millions of dollars this time??or tens of millions of dollars??
But thinking of Chen Hui's statement that small money makes hundreds of millions of dollars, she suddenly said in surprise: "You don't mean tens of billions of dollars, do you?" After speaking, Lin Jing couldn't help but laugh and said: "If you really make fun of me, who will lose tens of billions of dollars to you?"
"Lose yourself!"
Chen Hui smiled and said, "My output is trillions, what is this! If I lose myself, I will lose by myself, and I will lose tens of trillions of it again!", after speaking, Chen Hui continued to fall in love with Lin Jingen, and severely punished her for being ignorant.
As soon as the afternoon market opened in New York, a large amount of long closing orders immediately appeared in the market, and these sell orders appeared in the market, which immediately caused a violent reaction in the market.
Soon, copper fell from 321.00 to 320.00 in New York, and unsurprisingly, these closing orders were met with strong buy orders here, and they were traded in the form of multiple swaps.
EX Copper (New York Copper) is pinned to the 320.00 level and occasionally rises to the 320.30 level.
But it didn't take long for it to fall, and a huge number of selling orders poured into the market, directly allowing the EX copper general to break through the 320.000 position!
The volume reached its maximum of the day at the level of 320.00, where the bulls who had opened positions began to close their positions, and the bears who had fallen were numerous, and the majority of the previous long positions were also unclosed on a large scale.
Three-pronged!
Then the price of copper began to plummet, only this time the speed of the collapse was much faster than the previous one!!
In just 15 minutes, it plummeted by 400 points, from the 320.000 position to the 316.00 position!
It's as if a long black candle is going to penetrate a computer screen!
At this moment, in the Sumitomo Mitsui Financial Group, in the trading room of Mt. Fuji, Goro Harano and his four assistants looked at this scene dumbfounded, all as white as paper!
They looked like they were scared out of their minds!
"This can't be!!"
"How is this possible??"
"Baga!!"
"What the hell is going on??? why is that??"
"Why is there such a huge amount of short orders all of a sudden!!
"Why!!"
"Why is that!!"
"Damn!!"
At this time, everyone cried out in pain.
They will show remorse, self-blame, guilt, shame, anger, despair, and fear to the extreme! Now they hold a total of 5 million long positions, with an average position of 325.00, and every 100 points of fluctuation is a profit and loss of $1.25 billion, and a total of 900 points are currently floating, with a total floating loss of $11.25 billion!
This 15-minute long black candlestick increased their losses by $6.25 billion!!
At this moment in New York, USA, Elliott Fund, Elliott, and Jerry watched New York Copper rebound 100 points from the 216.00 position to the 317.00 position, and shouted frantically: "Hurry up and close the position!"
"Hurry up and close the position!"
"Take advantage of the rally to rise!"
"Close the position, take advantage of the fact that there are buy orders in the market to take over our closing order!"
"Damn, I knew something like this was going to happen tonight! I knew I should have closed the position like crazy last week, hateful!"
"Alas, this time I will lose more money in vain!"
"As long as copper rebounds and rises in New York, close my position!
Elliott, Jerry knows that it is inevitable for New York Copper to enter a bear market, and now is the time to clear the position and minimize the loss!
Soon the traders continued to close their positions, causing New York copper to continue to fall!
And at this moment, in the trading room of Quantum Fund, Och-ZIFF Capital Management, Two Sigma Investments, and Siberia Capital Management, the person in charge of trading New York copper is shouting: "As long as the rebound comes up, we will continue to short! Don't let those bulls take the opportunity to close their positions!"
In the chairman's office in the Quantum Fund, Soros had just finished a manuscript, called an assistant, and said, "Publish it on the forum!"
This is a negative draft for copper! He wants to create a certain amount of negative news! Make the market even more panicked!
Their quantum fund is just short copper this time, and they don't hold many positions, that is, they only entered the short position today!
After thinking about it, he said: "If you can, let the executives of the Quantum Fund continue to increase their positions and short New York copper!"
This time they Quantum Fund was almost in the perfect place, at the perfect moment to short New York Copper!
In the trading room of Temasek Building, Hu Jianghu's trading team cheered!
At this moment, New York copper has fallen to the 315.00 position, and at this moment they operate an account with a total of 7 million short positions in New York copper, with an average opening point at the 330.00 position, and every 100 points of fluctuation is $1.75 billion.
Today, New York copper is at the 315.00 position, with a total profit of 1,500 points, and a total floating loss of $26.25 billion!
Hu Jianghu looked at the trend chart of New York copper excitedly, and looked at the elated appearance of everyone, he suddenly said: "Don't relax your spirit, keep an eye on the plate!"
After a pause, he said again: "According to the boss's original plan, keep holding it!"
Time is ticking, but copper in New York seems to be falling faster than time!
In the trading room of the Elliott Fund, Elliott and Jerry shouted anxiously, "Continue to close the position!"
"Don't worry about it, it's as much as you can flat!"
"Wait, New York copper has rebounded again, wait for it to rise for a while, we are closing the position!!"
Now the only thing they can do is to try to reduce the company's losses in the short market!
About an hour and a half later, New York copper plummeted by 500 points again, from 315.00 to 310.00!
In the 1-minute chart of copper in New York, there are dense black lines, like crows flying overhead!
It feels particularly unlucky when you look at it!
Time also passed slowly, and at this time, when there was still half an hour before the close, New York copper suddenly rebounded violently, and it rose by 150 points in 5 minutes!
From the 310.00 level to the 311.50 level
There should be a lot of short-term bears who choose to close their positions, and at this time, Elliott and Jerry saw this scene, and their hearts were dripping blood, but they had to continue to close their positions!
"Keep closing the position for me!!"
"It's rebounded, keep closing the position!!'
With the closing of their positions, New York Copper was once again struck by lightning!
It was only held up for a moment before it plummeted again!
From 311.50 to the 310.00 level, and then from the 310.00 level to the lowest level of the session
308.00 Location!
Then after a minute of oscillation at 308.00, the close was closed!
At this moment, a super long black candlestick appeared on the daily chart of New York copper, which fell by a total of 1400 points!
The drop is as high as 4.3%!
It completely fell below the lowest level of last month and is gone!