Chapter 52: Pushing Up Oil Prices (2)

Oil prices ended the day at $18.33, up $0.21, or 1.15%.

Zhong Shi, Zhong Yi and others, who stopped operating, saw that it was still early, so they went out together to have a good look in New York, and by the way, they also brought Li Mingyang.

New York is the largest city on Shijie, one of the three major cities in the world, and the center of the economy, culture, and transportation of the United States. At the beginning of the 20th century, it was so full of opportunities that it was also known as the "Big Apple," and it was the place from which new immigrants entered the United States.

New York is administratively divided into five districts, namely the Bronx, Brooklyn, Manhattan Island, Queens, and Standon Island, where the Statue of Liberty is located. The brightly lit New York that is often seen in film and television works generally refers to the urban area of Manhattan Island, which is the center of the entire New York, with more than 5,000 high-rise buildings, the famous Empire State Building, the World Trade Center, the Chrysler Building, the Rockefeller Building and other buildings stand here, almost all the world's large financial institutions have branches or headquarters on Wall Street on Manhattan Island, in addition, there are two major exchanges, the famous New York Mercantile Exchange and the New York Mercantile Exchange, This is the center of Shijie Finance.

In addition to Wall Street, Manhattan is also home to famous attractions such as the United Nations Headquarters, Central Park, Broadway, and more. Zhong Shi and others also took a photo in front of the United Nations Headquarters Building, which is the center of Shijie politics and the birthplace of systemic risk, the biggest risk in the financial market.

After climbing to the outdoor observation deck on the 110th floor of the top floor of the World Trade Center, it happened to be a good day of fine weather. It is more than 400 meters high and has a panoramic view of New York. Looking at the boats on the Hudson River and the high-rise downtown area of New York, Zhong Yi and others were in high spirits and shouted repeatedly, causing people who were sightseeing together to cast surprised glances at them. Zhong Shi, who is "young and old" in other people's hearts, is also very excited, but he hides this emotion well, so that people can't see the slightest bit of his emotions.

Zhong Shi knew that eight years later, two large airliners hijacked by terrorists crashed into the Twin Towers one after the other. Thousands of tons of jet fuel ignited the entire building's steel-framed structure. As a result, the tallest building in Shijie collapsed dozens of minutes later, thus changing the trend of the entire Shijie.

In the case of the crude oil market, if it were not for the subsequent wars in Afghanistan and Iraq by the United States, the price of crude oil on Shijie would not have soared so quickly. It will take at least two or three years later than the normal trend to reach the price of hundreds of dollars a barrel.

"In the future, we will set up a fund company. Why don't you buy an office here? "After shouting for a long time. Zhong Yi whispered to Zhong Shi, who was expressionless.

"Uh......" Zhong Shi's face changed, "What are you kidding?" How many hedge funds have you seen located in such iconic buildings? Look at the companies here! ”

Yes, for the most calculating hedge fund managers. Land in this kind of place is extremely expensive and not cost-effective at all. You know, a small hedge fund has only a dozen employees at most, and a large hedge fund may have hundreds of employees, which can be accommodated in a random office in Manhattan, and there is no need to spend too much money on office space.

The people who can rent the premises here are large international companies that pay attention to the image, and they attach great importance to the aspect of corporate image, and even spend a lot of money to renovate the interior of the company, in order to highlight their so-called taste. Of course, there are also some hedge funds that have rented space here.

Of course, the biggest reason for Zhong Shi's opposition was that he knew that in a few years this place would be in ruins, and everyone would be buried in it, not to mention the loss of human lives, and he would have to pay a lot of pensions.

......Seeing that Zhong Shi reacted so violently, Zhong Yi put away the thoughts in his heart and turned his head to enjoy the scenery of New York.

Although he knew that Zhong Yi was unhappy in his heart, Zhong Shi could only smile bitterly and shake his head, of course he couldn't explain all this to Zhong Yi, so he could only block it with an arrogant attitude. However, in his mind, he has already designed another path for Zhongyi, which is to work at Shijie Bank after he graduated with a doctorate.

This is not to exclude Zhongyi from the inner circle, in fact, Zhongshi's core team lacks an expert, Zhongshi is to gradually cultivate Zhongyi according to the growth model of the chief economist of the investment bank, and when Zhongshi's advanced memory is exhausted, it will be Zhongyi's turn to sing the leading role.

On Wednesday, September 29, after seeing the strong strength of the bulls the previous day, there was a subtle change in the mood of the market, coupled with the fact that the number of trading lots yesterday reached 120,000 lots, and the number of open positions also increased by 20,000 lots, which is a clear signal, which means that the funds that profited from the October contract or some other funds have begun to enter the market one after another.

Due to various factors, the WTI contract jumped higher on this day, opening at $18.44, a full $0.11 higher than the previous trading day, which is a strong upward signal.

Such a large jump has made other people in the market confident, and they have begun to go long, which not only has the original bulls to take advantage of the momentum to pursue, but also a considerable number of temporary shorts. Naturally, none of their positions are that huge, so they have unmatched flexibility when it comes to turning. Moreover, they are also leaders who have been fighting in the futures market for many years, and they know the significance of various indices very well, so they preemptively attacked the bears when the green line first appeared.

It's just that the money that these people were able to mobilize was blocked by the bears after rising by two levels, and the oil price stagnated after reaching $18.46 per barrel, and then the bears attacked this follower, trying to shake off these ants crawling on the elephants.

Followers are like this, when they see the price moving violently in one direction, they immediately rush to follow, and then try to make a profit before the next price turning point. It's just that. Whether they can leave safely depends on their own greed and the opinions of the main forces of both long and short sides.

The followers quickly paid the price, and under the continuous pressure of the bears, the oil price soon fell to $18.41 per barrel, and after a short pause, it reached the psychological mark of $18.40.

Most of the previous followers opened positions at 18.44, 18.45 and other prices, and now they have fallen to $18.40, which means that they have lost at least $40 per lot, which is enough to make many followers stop loss and leave the market.

"Buy 1,000 lots, first maintain the price, I don't believe that the bulls don't sell!" Seeing the bears aggressive. Zhong Shi couldn't sit still. The purpose of his operation is to raise oil prices, not to let them fall.

With his order, several temporary traders who had been eager to try for a long time glanced at each other, and then crackled on the keyboard to type orders for different hand sizes. This time they had already discussed. Different lot sizes are allocated according to different accounts. The degree of mutual understanding has also improved a lot.

With the entry of 1,000 buy orders, the bulls barely stood at the $18.40 level, where the opening orders of the bears and the turnover orders of the followers were gathered at this price. The volume also increased rapidly.

Just when the price stabilized, a 10,000 lot buy order suddenly appeared in the market, which instantly raised the price to $18.41, took all the sell orders at once, and then did not stop at all, and threw out large buy orders at the above prices one after another, and in one fell swoop the short Liliang hit back to $18.47, even 0.01 US dollars higher than before the bears' strength.

After seeing the appearance of 1,000 buy orders, they couldn't care about the tacit understanding reached with the main bears in clearing the trend, and couldn't wait to come out and grab the short sell orders with Zhongshi.

The sudden shili suddenly disrupted the rhythm of Zhong Shi's absorption, so that his buy order was reluctantly withdrawn after only 621 lots were traded. At the same time, the steady retreat of the bears has also made others in the market move. Those who were hesitant to close their positions a dozen seconds ago were crying out for luck, while those who had just stopped out were frustrated.

"Buy 2,000 lots and continue to push up oil prices!" At this time, it is a good time for "the general to chase the poor man bravely", Zhong Shi then ordered.

With the joint efforts of Zhongshi's capital and the re-formation of the follow-up market, the price of crude oil futures in November quickly climbed to the price of $18.50, where the bears will definitely set up a line of defense.

"This time, we don't need the coordination of the main forces of the bulls, so we will break through the bears ourselves!" At this time, the trading room was already in full swing, and Li Mingyang even shouted that he wanted to defeat the bears.

"Then it's as you wish!" "You can be flexible in your strategy, as long as you don't use too much money. At this time, he is also very confident, which is still in the case of his capital force, I believe that the main force of the bulls will further push up oil prices.

After getting Zhong Shi's promise, Li Mingyang's confidence increased greatly, and he immediately shouted: "Brothers, buy 3,000 lots and break through the price of $18.50 in one fell swoop!" "Add 3,000 hands again, and the effect is immediate, and soon the defense line set by the bears here will be beaten.

Seeing that there were large buy orders in the market again, the bulls in the market became more confident, and even some shorts with small positions began to go long on the backhand.

At this time, another batch of 10,000 buy orders entered the market, instantly increasing the number on the buy order to 14,203 hands. The price of crude oil for November was quickly pulled up to $18.60, a new high for the day's trading day.

What is puzzling is that the bears did not defend here, and even did not set up a defense at the 18.70, 18.80, 18.90 and other levels behind, which allowed the bulls to pull the price up to the $19.00 level in one fell swoop.

At this integer point, the main bulls who have ignited the bullish sentiment in the market and the swarming followers will fight to the death with the bears who have set up heavy defenses. (To be continued......)

PS: Thank you for the monthly pass support of Zhangcui, Zhangla~ Tower, and 080905234808299! At the same time, thank you for the reward that made me think about it, and I was full of water! The third is to ask for a few more monthly passes, I hope you can continue to support, the author should go and take a break, I wish you all a happy New Year's Day in advance, and I wish you all a happy reading!