Copper futures closed at $2,900, up $40 from the previous trading day, and the momentum of the rise has been exhausted, while several moving averages have put pressure on the upward offend, and the volume has also shrunk from the previous trading day. Therefore, from the analysis of Jishu level, this round of rally has been weak, and analysts' analysis of the market in the next few trading days makes sense.

"Our positions, profits, etc., Ampit, you talk about it first." When the transaction is over, everyone in X-Spatial Fund will be in the conference room to make a brief analysis and summary of the day's market.

"Today we closed 8,000 contracts at an average price of $2,885, and we closed this part of the bottom position at an average price of $2,575, making a total of $62 million. There are a total of 25,000 contracts left, and it is expected that it will take another week to close them all. Although Ampitt's voice was flat, the excitement in his tone could be heard by everyone present.

"A week's time......" Zhong Shi's brow couldn't help but furrow, he had automatically ignored the content of how much money he had made, and focused on how long it would take to fully close the position. Can we get all the profits as soon as possible? ”

Ampit's face showed embarrassment, and he said hesitantly: "Zhong Sheng, if we close the position too obviously, the bears will definitely chase after us, and our profit will be reduced at that time." And when other bulls see us liquidating positions on a large scale, they will definitely follow suit, if they shake the confidence of the bulls. We ......"

He didn't continue, but everyone understood what he meant.

"It's a damn close again!" Zhong Shi muttered a few words dissatisfiedly, he understood all the truths that Ampet said, but in the current situation, he also believed that the price of copper futures would fall, so he needed to turn all profits into real money as soon as possible.

What's more, he also had a big event in mind in December, so he needed to get his money back as soon as possible so that he could invest it at its maximum capacity.

"But the current situation is to consider the intentions of other bulls, let's see how the market reacts first!" Zhong Shi comforted in his heart. He hastily commanded a few more words. The meeting was adjourned.

……

In terms of the Carl Fund, although Carl ordered everyone to do their best to close the position as soon as the market opened on this day, there were obviously many people who had the same mind as him, and the order price entrusted by these people was higher than that of the Carl Fund. Therefore, it has more advantages in terms of closing. Wait for them to react. Copper futures have broken through to $2,880.

A further $2.7 million was refilled in cash. Because the sudden upward momentum caused the position of the Carr Fund to break through the lower limit of the maintenance margin, the brokerage company reinvested $2.76 million after consulting with the Carr Fund, barely maintaining the current position above the maintenance margin of $2,880. But they don't have any extra cash. There is only one way left to close the position.

In this way, Jerry and his colleagues worked hard to close some positions, and the money that had just closed the positions immediately had to cover the losses of the open positions, and then continued to close the positions at the high level, and then to cover the losses...... If it weren't for the fact that the price of copper futures rose to $2,900 and then began to fall, then all the funds of the Carr Fund would have to be filled in.

Finally, when the day closed, the people at the Carr Fund understood a cruel reality, that is, the risk of the futures market is indeed very high, and after paying the futures company $10 million in principal and a week's interest, all their capital is only $3 million.

Almost all traders are starting to pack their bags and get ready to leave. It's about leaving the UK and looking for your next job, rather than simply leaving work. The loss has reached this point, which is close to 70% of the loss, which is an extremely terrifying loss in any market, even if the Carr Fund makes a certain profit in another market, it cannot make up for the loss.

"Jerry, are you going too?" Karl stared blankly at the numbers on the screen, oblivious to the busy traders packing up their baggage, and only came to his senses when Jerry, who was sitting next to him, stood up to leave, and was somewhat isolated to stop the subordinate.

Jerry shook his head with a wry smile, moved his lips and wanted to say something, but the words stayed on his lips for a long time and still didn't spit out, Zuihou Jerry still shrugged his shoulders helplessly, gave Carl a smile that was more ugly than crying, and then disappeared into the trading hall.

Looking at the backs of the departing ones one by one, Carl suddenly felt a deep helplessness, and suddenly lost all his strength and collapsed on the chair in a state of weakness.

……

Sumitomo Trading, when the current copper price was finally fixed at $2,900, the trading room was jubilant, and almost all copper futures traders were clapping their hands in celebration, which attracted the envy of the traders in the next room.

Usually in a trading room there is such an extremely exciting scene, there are nothing more than two situations, the first is to make a lot of money, the second is to have a huge loss, seeing the current traders full of red faces, it will definitely not be the latter, so other non-ferrous metal traders are envious.

"Hamanaka-san, what are we going to do after that?" In addition to being happy, only a few people remained calm, including Kenjiro Oshima and Yasuo Ryusuke, who asked this question.

Yasuo Hamanaka played with the pen in his hand and didn't speak for a long time, until Kenjiro Oshima and Yasuo Ryusuke were about to lose their patience, and he said slowly: "If the prediction is correct, I believe that in the next few trading days, some speculative bulls will close their positions on a large scale." ”

"Then are we ......" Kenjiro Oshima heard the strings and understood the elegant meaning, and immediately followed the meaning of Yasuo Hamanaka, but he was still a little measured and did not say the following words in one go.

Yasuo Ryusuke, who was listening respectfully, immediately had a look of disdain on his face, but he lowered his head and no one saw his expression.

Compared with Kenjiro Oshima, who is bent on sycophants, Yasuo Ryusuke confidently understands the psychology of Yasuo Hamanaka's boss, and according to his observations in the past few years, he finds that this boss is simply a bold character. In addition to losing money, there is nothing that this boss does not dare to do, in recent years, they have played in the copper futures market can not be counted on two hands, many of which are obviously illegal means, although the LME warned Sumitomo Trading Company three times and twice, but judging from the subsequent reaction, the boss did not take the warning of the exchange as a thing at all.

At present, he finally caught a chance to become bigger, and Ryusuke Yasuo believed that this boss would never stop there, so he did not rush to answer, and deliberately gave Kenjiro Oshima, an old opponent, a chance to perform.

"Ryusuke-san, what do you think?" Yasuo Hamanaka was noncommittal to Kenjiro Oshima's words, and instead asked Yasuo Ryusuke, who was silent.

Yasuo Ryusuke pretended to think for a while, and then Zuihou said slowly: "The short-term decline is not terrible, the terrible thing is that we also follow the liquidation, and when the time comes, it will be worth the loss if it causes the market to panic." And the bears don't necessarily mean to close the position, let's wait and see! ”

Kenjiro Oshima's face changed, although he had expected that this old opponent would give him some eye drops, but he never expected that Yasuo Ryusuke would dare to sing against him, and this approach of not focusing on the overall situation immediately angered him. Kenjiro Oshima immediately became furious, and almost gritted his teeth and said, "Hachika, Ryusuke-san, you are trying to put the company in a disadvantageous position......"

To the surprise of Kenjiro Oshima, Yasuo Ryusuke did not retort as before, but insidiously gave him a faint and strange smile, and then put on a straight face and pretended to be extremely innocent.

Kenjiro Oshima was stunned for a moment, subconsciously stopped scolding, and then turned his head to look at Yasuo Hamanaka in disbelief, only to find that the top boss was full of insecurity, and his face was so gloomy that he was about to drip.

Oh no, this was the first reaction that came to Oshima's mind, and then he quickly thought about what his top boss meant, and why didn't he realize it? Thinking like this, he suddenly felt that he had not fully grasped Yasuo Hamanaka's thoughts, and the cold sweat on his forehead immediately gushed out.

The upset and irritable Yasuo Hamanaka didn't notice the small movements of the two subordinates, waved his hand impatiently, and sent the two away. In his heart, he has always had a very grand control of the copper futures market, but he has not been able to make up his mind, and it is inconvenient for this jihua to say, so when the two most powerful people under him quarrel, he is particularly irritable.

Sumitomo Trading Company's operators Jihua have not been decided, and Kenjiro Oshima and Yasuo Ryusuke, who are specifically responsible for execution, can only wait and see.

…… On Friday, November 18, copper futures opened at $2,899, a slight drop of one dollar from the closing price. The bulls tentatively attacked at the 2899 position, and the trading volume showed a slight increase, but the price of copper futures has been hovering around $2900, seeing that there is no hope of an upward attack, some bulls have begun to close positions on a small scale, and the price of copper futures has begun to decline gradually.

By noon, the price of copper futures had fallen to $2,880, and the volume was unremarkable. Although the bulls have the intention to close their positions, due to the lack of ability to follow the trend, and some shorts do not have the intention of stopping losses at this price, analysts judge that the market will continue to fall in the afternoon. (To be continued......)

PS: ps: Now the Central Bank of Russia is selling dollars to support the ruble, almost the only dollar seller in the market, it is said that it sold 10 billion dollars today, the real financial events, you can pay attention! zuihou, thanks for the monthly pass that made me think about it and the tip of 1981!