The rise of several consecutive trading days has caused the price of copper futures to rush to the $2,400 position in one fell swoop, which has made the long position previously established by Zhongshi very rich. Although he closed more than half of his long position in June, he still held close to 20,000 contracts in July, as the price of the June copper contract skyrocketed, bringing his average price to $2,180.

However, Zhong Shi does not plan to continue to operate in the copper futures market, because in early June, with the bears admitting defeat and leaving, he has made enough profits, but the future direction is not so easy to grasp, although he knows that there are still bulls in the market continue to pull up the price of copper, but the other party's operation is extremely clever, and the intention is long-term. Because of the time difference, Zhong Shi could no longer stay up late to operate, so he had the idea of leaving.

If the long position of 20,000 hands is closed in the market at once, it will inevitably cause sharp fluctuations in the price of copper futures in the short term, so Zhongshi has prepared a set of strategies.

In his view, although the price of copper futures will fluctuate in the short term, the future trend will undoubtedly continue to rise, but when this rise will end, Zhongshi does not know. However, he had the time and patience to settle the price at $2,500 after research and analysis.

In the following month, the price of copper futures rose and fell sometimes, and the bulls and bears showed a stalemate trend, but with the entry of options bulls in June, the bulls once again gained strong support, and by June 22, copper futures prices rose again, and once rose to $2,495 intraday. It finally closed at $2,465, just one step away from the 2,500 mark.

"Brian, open flat 1,000 lots, test the reaction of the bulls." On Thursday, June 23, shortly after the start of the current copper market, Bell Stone ordered Brian to enter the market.

"Flat 1000 lots?" Brian was speechless again, he didn't understand Zhongshi Weishenme's operation. According to his estimates, Zhong Shi's current 20,000 long positions in his account have now reached a floating profit of 150 million US dollars, which is a terrifying figure. And anyone with a discerning eye can see it. In the future, as long as the Shijie economy continues to rise, the price of copper futures will hit a new high.

Close the position in this case, in Brian's opinion. It's pure unwisdom. The only one explanation is. Because it's almost July. Bell Stone needs to reduce its position in July and instead put the main contract on other far months.

Zhong Shi plans to completely withdraw from the copper futures market, because the copper futures market is different from other markets. Data such as trading volume and contract dates need to be paid attention to at all times, otherwise a careless person will face delivery, and what will he take to deliver at that time, although he has some of the current copper in the warehouse, but this point of copper is not enough for one-tenth of his position.

"Do as I tell you!" There was no need for Zhong Shi to explain Brian's incomprehension, and he didn't want to explain it either. Because in the eyes of brokers, the more frequent the number of transactions and the larger the number of lots traded, the more beneficial it is for them, and profit and loss are not their considerations at all.

A long closing order of 1,000 lots appeared in the market, which immediately brought the high-opening copper futures price down two levels, and the immediate price fell to $2,485. However, soon the bulls made a move and gradually took the closing order at several prices, but when the price fell to $2,480, the closing order was all consumed.

Seeing this situation, Zhong Shi hesitated a little, he was sixty percent sure that this transaction was operated by the bulls, because if it was shorts, they were likely to eat it all at the first time, so that the rest of the market participants could see the determination of the bears to suppress the copper. And this gradual approach he has seen many times in the market in May, and then it has risen sharply.

It's just that the bulls eat so many positions, what are they going to do? You must know that these contracts are all from July, and if they are not liquidated now, they will soon face the risk of delivery. Bell Stone doesn't simply assume that the bulls are ready to use these contracts for delivery.

If it is not used for delivery, then the most likely is to close in a few trading days in June. Thinking about it this way, Zhong Shi understands the intention of the bulls, they are ready to take advantage of the opportunity to change positions to force the bears to double flat at a high level, and the previous pull up is completely to establish a haode bottom position.

After thinking about it, Zhong Shi knew that today's price would not rise much, firstly, in the face of integer points, all kinds of moving averages have formed an oppression on the rise, and on the other hand, the intention of the bulls, they will not spend any effort to pull up again.

Thinking of this, Zhong Shi no longer hesitated, and once again put a total of 5,000 lots of closing orders on the market. When this closing order appeared, most of it was taken by the bears, and it seems that the bears also understood the intention of the bulls, and they also accepted the liquidation at this price, and the trading volume in the market began to continue to expand for a while.

"How many positions do we have at the end of June and the beginning of July?" On the Sumitomo Trading Company's side, Yasuo Hamanaka asked Kenjiro Oshima eagerly. In the process of rallying in early June, they made a lot of money, but in the subsequent market they began to gradually close these bottom positions, and instead built positions in mid-to-late July, August and even September, which is why the price of copper in Weishenme began to recur after the price rose to $2,400.

"About 8,000 lots, just now the bulls have begun to close their positions, according to our traders' estimates, there should be about 4,000 lots." Kenjiro Oshima shuddered and replied quickly.

Hamanaka Tainan is not afraid of not being able to flat, because he still has some spot copper in the copper warehouse, but the position of 8,000 hands is still a large amount, and I believe that the bears also have corresponding positions, and they can't take out the corresponding amount of cash.

"Don't close it just yet, pull the price up one more time and see how the bears react." After a moment of silence, Yasuo Hamanaka decisively gave such an order.

Kenjiro Oshima was dumbfounded, he never thought that the bulls and the two sides had a preliminary tacit understanding on the closing price, and his boss would raise it again? But out of professionalism. He shut up in amusement and turned to give orders to the trader.

As the bulls pulled up the copper price again, the copper price suddenly turned into a rise, starting from $2,475 just now, breaking through $2,490 in just a few minutes, and approaching the integer point of $2,500 in the blink of an eye.

……

"What are the bulls doing here?" When Zhong Shi saw the situation on the disk, he couldn't help but be a little puzzled, he just threw out a 5,000-hand closing order, which was almost the same as the short side. As a result, in this case, the bulls on this side made another surprise move. It has begun to pull up the price of copper again.

There are only two possibilities. One is that the bulls think that the other bulls are almost closed and they are just entering the market to pull up, and the other may be that the bulls have completed the change of positions, and they are now laying the foundation for the coming months.

No matter what. Zhong Shi was more than happy to see this situation. He immediately dialed Brian's phone: "Open 1,500 more hands." Market order, from late July to August. ”

Hearing Zhong Shi's order, Brian only felt a little insanity. Just now, this client has just closed a total of 6,000 contracts, and now he has opened a new long position, what the hell is this going on?

The bulls on the offensive had allies and instantly broke through the line set by the bears at $2,500. In fact, the bears did not have much defense in this position, because in their opinion, $2,500 was an acceptable price for both parties to close their positions. As a result, the bulls did not abide by this tacit understanding, and the bears were caught off guard and could only watch as the price of copper futures rose to $2,507, which has already hit a new high.

"Close all the remaining 14,000 long positions, in June and early July, the speed should be fast!" The price of copper futures rose to this position, Zhong Shi did not expect that in his opinion, the bears would definitely set up a strong line of defense at the integer point, and as a result, 2500 was broken through all of a sudden, which made him a little speechless. However, after being speechless, he reacted quickly and hurriedly gave Brian a trading order.

There were tens of thousands of long closing orders in the market all of a sudden, which immediately stopped the momentum of the price that had just risen, and soon reversed the Xiangxia line, all of which was in the case of the following market just entered, and as a result, these followers ate thousands of closing orders, and the bears also took the opportunity to open part of the closing orders, and the double-flat trading volume continued to amplify around 2500.

However, the number of Zhongshi's closing orders is too large, and even if the bears and followers took over the part, the price of copper futures still fell below $2,500.

……

On the Sumitomo Trading Company's side, when traders saw that the price of copper futures that they had just raised was pressed below $2,500 by the closing order again almost within a few minutes, they couldn't help but be a little angry.

"In that case, let's close our positions too!" When Yasuo Hamanaka heard the news, he knew that today's rally was no longer possible, because with the departure of this bull, the follower market has lost confidence, and he himself has a lot of positions to close, and the bears will not give him a second chance to break through $2,500.

The two sides began to close their positions in the range of $2,490 to $2,500, and when all of Zhongshi's positions at the end of June and early July were closed, the price of copper futures was also nailed to around $2,490. This was also the closing price of the day, with a volume of 100,000 lots, most of which were long and short contracts closed in June and early July.

The average price of all the contracts that Zhongshi closed on this day was $2,494, a total of 20,000 lots, and the average price of opening a position was $2,180, making a full profit of $157 million. On the one hand, this is due to his unique vision, which established a considerable number of low positions as early as April and May, and on the other hand, thanks to the continuous rise of other bulls, which has made so many profits. At this point, except for a small number of open contracts, he has no large positions in the copper futures market.

In nearly half a year, he has earned a total of nearly 200 million US dollars in the copper futures market, which is already a very impressive achievement, but Zhong Shi does not plan to continue, because in his opinion, the future copper futures have not much room to rise, although he knows that there are still bulls who continue to rise. (To be continued......)

PS: Thank you very much for the monthly pass support of the Red Gold Armor Knight! Today is the Lantern Festival, thank you for your attention to this book, and I wish you all a happy holiday!