Chapter 268: Rising Tide
"Boom~~~"
With the entry and sell-off of the proprietary department of Tatfook Bank, oil prices have accelerated their downward trend. Pen, fun, and www.biquge.info
"Boss, oil prices are plummeting, and the rate of decline of $0.1 is already very amazing!" Ji Keying looked at the situation of the oil price pouring straight down, and couldn't help swallowing the liquid.
"The oil price of $18.60 sold 1.5 million lots, completely suppressing the oil price." Ji Er didn't pay attention to Ji Keying's reminder at all, and the huge toss made made a huge order, giving people the feeling of nailing a coffin board.
"It's still falling, and the intraday panic selling is getting more and more violent, and I've seen $18.50." Luo Hong hurriedly reminded loudly.
"Stop, remove all unfilled presses, and start closing our short positions." Seeing the sharp drop in oil prices, Zheng Fan decisively stopped.
"Cancellation completed."
In less than ten breaths, Ruan Yuan had already ended the order cancellation operation.
"Pull up the price of oil to $18.65 and close 1.5 million lots." Ji'er did not hesitate to make a move, and soon made the price of oil turn upward.
Because of the rapid operation of the proprietary department of Tatfook Bank, not only did the oil price contract hit a stage low, but also caused the continuous increase in the time-sharing market.
Different from the sneaky operation in China before, there are a lot more people in the proprietary department of Tatfook Bank at this time, and the keyboard sound is also extraordinarily dense, and the frequency of operation has increased significantly.
"Boss, if you close the position again, the oil price will return to the $19 integer mark." Luo Hong confirmed to Zheng Fan.
"Don't hesitate to close all the positions that have just been suppressed, then turn around and push the price of oil up to $19.50 first." Zheng Fan's statement seems to not give all parties a chance.
"$19.10 to close 700,000 lots."
Once it really started operating, Ji'er almost gritted her teeth and insisted, uncompromising Zheng Fan's instructions.
"At $19.15, we will close another 1.5 million lots, remove all unfilled closing orders, and continue to push up." Ye Qian already felt at this time that the selling pressure on oil prices had not weakened because of the rebound.
"Just now we started from $19.15 down, it seems that there is a force, and we don't want the oil price to go up to this level, we suppress and pull back, there is no profit at all, at best it is a flat." Erica couldn't help but glance at Zheng Fan when she saw that all the short positions suppressed on the books had been closed.
"Since someone is selling, let's take it slow and open long positions in a continuous and stable manner." Zheng Fan is also adjusting the rhythm of operation according to the plate.
"Whew~~~"
Ye Qian took a breath, and the speed of tapping on the keyboard was obviously slow.
"We were caught off guard by the suppression of oil prices just now, and the market did not react, and a large number of follow-up selling, as if it had not come out until now." Ji Er said while building a small position.
"The rival market has also started to kick in, and it seems that it will not let oil prices stand above $19." Ruan Yuan shook her head, only feeling that with the increasing amount of Dafu Bank's self-operated funds, it is very difficult to build a centralized position even in a huge market.
"It's just secretly pressuring, and it's not as ferocious as our previous big orders, and the sell orders of more than 100,000 hands are very few!" Ji'er is not too satisfied with the operation of the main force of the air side.
"If you can keep a low price to open a position, try to maintain it, and if you can't do it, let the oil price gradually rise." Zheng Fan had already started to eat at this time.
Different from Zheng Fan's relaxation, Ji Er and the others who were operating were quite uncomfortable when the rhythm of the operation suddenly changed.
"It's already 12 o'clock in the morning Hong Kong time, which institution is the main bears who are short international oil prices at this time?" In the process of opening a new long position, Ji'er was not careless, but curious and speculative.
While the proprietary department of Tatfook Bank is operating in an orderly manner, the Enron Energy Building in Houston, USA, is brightly lit.
The 38-storey Enron Building, because of the spotlights, looks extremely magnificent at night, and there are even pieces of electronic advertisements playing on the modern glass curtain wall.
As one of the world's largest integrated natural gas and power companies, Enron is undoubtedly one of the hegemons in gas and electricity sales in North America.
Located on the 30th floor of the Enron Building, Enron Investment Company was particularly busy in the middle of the night, and the attention of a group of traders who shorted crude oil futures was extraordinarily focused.
"President Jeffrey, there are obviously institutions in the market that are entering the market to open new positions, and we are deadlocked at the $19 oil price." A woman in a black gauze dress is humane to a middle-aged man with many wrinkles on her face.
The woman in the black gauze dress was none other than Ryan, the shareholder representative that Enron had previously sent to New York Life.
"There's nothing to worry about, don't forget, in addition to our Enron Group, in addition to the natural gas pipeline company, there are Enron Investment, Enron Energy Services, Enron International, Enron Petroleum Company, as well as Enron Renewable Energy, Enron Capital and Trade Resources Company, this short international crude oil futures, there is already a part of the hedging demand, with the comprehensive strength of our Enron Group, coupled with the bearish fundamentals of the international crude oil market, I don't think any institution can compete with us." The middle-aged man with a lot of wrinkles on his face smiled and comforted the woman.
"Since the accident of New York Life and MetLife Group, I don't know why, I always feel that it is more risky to invest a lot of money in the capital market, even if most of the companies under the Enron Group have a demand for international crude oil hedging, we must also pay attention to the proportion of operation, if it is more focused on speculation......" Ryan was interrupted by a middle-aged man before he could finish speaking.
"This year's Fortune magazine selection of America's most innovative companies, do you think Enron has a chance?" The middle-aged man asked the woman with a smile.
"I have passed the agreement, and it is estimated that there is no big problem, but there are still people who suspect that many of the profits reflected in our Enron statements have been inflated, and the outside world even questions that the company has left the unprofitable part off the balance sheet through financially related transactions." The woman, Rya, obviously has objections to the development of the group.
"Now that Enron's actual assets have reached $150 billion, and the market value of its securities has exceeded $230 billion, there is nothing to be afraid of in the face of such strength." The middle-aged man sneered.
"President Jeffrey, oil prices can't be suppressed, and the multi-party buying is surprisingly solid." A female trader spoke loudly and said to the middle-aged man.
"Increase the amount of selling, I will see how much the other party can take, and increase it to 500,000 hands per transaction." The middle-aged man's instructions were very resolute.
"New Zealand crude oil $19.00, open a short position of 500,000 lots." The female trader immediately placed an order, obviously breaking the integer mark.
"$19 sells 500,000 lots ......"
All of a sudden, a group of traders in the investment department quickly followed, and the quotations came and went, making the oil price market even more bang big sell orders.
"$19 didn't break?"
It was found that although the market of New Zealand crude oil was turbulent, there were more and more buy orders from many parties, and the look of Rya, the woman in the black gauze dress, could not help but be a little strange.
"President, the $19 buy order, under our selling pressure, has increased, and now it has reached three million lots." Although the female trader was making an offer, she did not panic.
"Can't you throw it away? The quick dismissal of the $19 buy order will not allow oil prices to stand. Jeffrey Skilling, who had a lot of wrinkles on his face, frowned.
"New Zealand crude oil is $18.90, selling five million lots."
The female trader put out a large order that far exceeded the amount of multi-party reception, which was extremely bold.
"Takashi ~~~"
A huge number of large orders were released on the disk, which made the integer mark of oil prices sink and break.
"Follow the trend and pour out, do you want to sell the goods?"
Seeing that the oil price quickly hit $18.85, the female trader hurriedly asked.
"Take advantage of the trend to hit the price of oil to $18."
The middle-aged Jeffrey waved his hand, as if he was going to drown the resistance of crude oil futures with a large army.
"New Zealand crude oil at $18.75, another million lots to sell."
The leading female trader has just made a sell-off order, and it has already been quickly closed.
"Jeffrey, the situation doesn't seem quite right, the main forces of the parties have not retreated, but have shown strong resilience and are extremely decisive in building positions." The woman, Rya, pulled the middle-aged man's arm.
"Sell the goods, continue to sell."
Seeing that the entrustment below the current price of New Zealand crude oil was piled up again, the middle-aged man was already angry.
However, while the quotation of the investment department of Enron Group disappeared unconsciously, in the face of the active selling of more than one million hands on the disk, oil prices have strangely risen slowly.
"The water level is going up, and the main force of the bulls must have increased their operational efforts, and this kind of investment in the amount of funds is not at all achievable by ordinary institutions, but is purposefully picking up our selling." Seeing that the traders were silent, as if they were drowning in the silent rising tide of the market, the woman Ryan couldn't help but show anxious emotions.
"Impossible, the clean energy summit in Switzerland is not over yet, is anyone going long against the trend at this time?" The middle-aged man didn't shout to stop, and until this time he didn't believe that the sky had changed.
"The news has been almost out, the summit will end in two days, I estimate that at this time, the main force of the multi-party entry is in the vacuum period of grasping the news, and from the test action before the main force of the bulls enters the market, it can also be seen that its operation style is very fierce." The woman, Rey, looked cautious.
"President Jeffrey, when we sold a million lots of goods in each transaction, the oil price has risen instead of falling, and it has begun to be suppressed, and now it is about to rise to $19." The leading female trader, who was able to maintain her composure just now, only felt that she was struggling to speak at the moment.
"In the last twenty minutes, how much have we dumped?" The woman, Rey, sat in front of the computer and asked eagerly.
"More than 20 million hands ......"
The reply of the leading female trader shocked everyone in the investment department.
"The speed of consumption of funds is too fast, nearly $20 billion is thrown into it in just 20 minutes, it is completely mud cow into the sea, so quickly into it, what if the price of oil rises." The woman, Rey, instinctively felt fear when she thought about it.
(The second update will be sent.) )