A total of 220,000 lots were traded on this day, 110,000 lots more than the previous trading day, and the trading volume doubled. In addition, the open interest has also increased by more than 10,000 lots, and it is obvious that someone is optimistic about the future trend, so they boldly hold the overnight position.

The other fierce fight between the long and short has nothing to do with Zhong Shi, and the move of escaping at the position of 19.00 US dollars is enough to attract the jealousy of the bulls, but the two sides do not meet here, and there is no battlefield of gunsmoke, otherwise Zhong Shi will definitely be remembered by the bulls for a long time.

You must know that people die for money, birds die for food, suffer big losses in the financial market and then take revenge in reality. In the case of the famous Treasury bond futures incident that led to the collapse of Wanguo Securities, it is rumored that one of the general managers of the Zuihou bulls was assassinated by an unknown person a few years later, and although he survived, he was eventually forced to flee overseas in order to save his life.

The next day, crude oil futures opened $0.03 higher, and the bullish sentiment in the market was still strong. You must know that it has already broken through $19.00 once the day before, and it is very likely to break through again today, and even the final settlement price will stand above $19.00. Everything has a first time, and it will come again and again. Sure enough, shortly after the open, oil prices rose again to the $19.00 mark.

This time, the bulls in the crude oil futures market are not in a hurry to break through this barrier, and they are very worried about the recurrence of yesterday's scene, that is, the stock of Shili with a large amount of funds left the market profitably, causing great pressure on the rise. After letting the followers attack for most of the day, they were convinced that the other bulls would not take the opportunity to come out and make trouble. Only then did they gradually go on the upswing, and crude oil futures broke through the $19.00 mark with their attack.

The bears obviously didn't have much defense at this level, they just gave up after some symbolic resistance, and it is clear that yesterday's attack made them lose their strength and had to give up the whole number of points again.

In addition to these, there was also a slight increase in the total open interest in December and January '94, which is clearly a readiness of the bears to shift the battlefield and trade time for money.

Although it is uncertain whether the bears intend to throw in the towel or not, after all, there are still some days before the November contract is delivered, but the increase in the far month position is undoubtedly a signal. It's just that the bears can't resist.

Stimulated by these signals. The bulls undoubtedly increased their confidence, and they began to frequently open large lots of long orders, and this intensive offensive soon led to the follow-up of the trend, and for a time the price in the crude oil futures market jumped one after another.

"What kind of price are we going to go up?" in the Trader's Room. Bell Stone never gave a trading order. Andrew and the others couldn't sit still. They all looked at Zhongshi.

"It's almost as I expected. But now that the bulls are aggressive, it's not easy for us to enter the market, and I think of $19.10. The bears will definitely make a move, and when the time comes, we will work together with the bears to bring the price down! Zhong Shi said calmly with a cup of steaming coffee.

As he spoke, the price of crude oil futures reached the position of $19.09, and seeing that the number of lots on the one side of the buying price was still high, Liao Xiaohua was the most anxious, and couldn't help asking: "So what extent are we ready to suppress oil prices?" ”

"It can't be said to be suppression, otherwise we will become market manipulators." Zhong Shi frowned and corrected Liao Xiaohua's statement, "The goal is still the same as before, try to absorb short orders of high-level crude oil, and by the way, absorb corresponding short orders on other oil contracts, and when the time comes, we will do it." ”

The price of crude oil futures finally rushed to $19.10, at this time, the sell price suddenly appeared 5,000 sell orders, almost within a minute the bulls threw out all the buy orders at this price, just when the price was about to fall, the bulls also began to exert force, one after another to throw a total of more than 3,000 hands of buy orders, and the price stabilized together with the trend.

"Let's do it!" Seeing this scene, Zhong Shi said lightly, "First open 1,000 lots at the market price to prove our existence!" ”

With his order, several people who had been preparing for a while immediately typed quickly on the keyboard, and a few seconds later, a short order of 1,000 hands appeared on the side of the selling order.

For the sudden large short order, the bulls were obviously mentally prepared, and almost shortly after the appearance of this short order, they threw out a buy order with a similar number of lots, making the crude oil futures price stay stable at $19.10.

They have long been prepared for yesterday's backlash, after all, they have already learned from the past. However, they can't blame others, because everyone is for a good word, and no one can blame the despicable behavior of anti-water.

The first contact of the bulls opened more than 10,000 lots, which made the followers confident, most of them hope to repeat yesterday's market, but this is absolutely impossible, the bears may retreat some of them again, but there are two days enough time for them to remobilize a new batch of funds into the market.

In addition, although the bulls have made a lot of profits in the past two days, different views have followed, some bulls may hope to take advantage of the victory to chase, while the other part may be closed when they see a good day, and those who close when they see a good situation are bound to close their positions, which brings pressure to the bulls who are bent on attacking, and this pressure is reflected in the number of more changes on the plate.

But the situation is not blindly in favor of the bears, you must know that the most losses are the bears now, and in this case, some bears with a small amount of funds are very likely to admit defeat and leave, and may even be backhanded long, which is uncertain.

However, for the main long and short forces of real hedging, they have heavy positions, large number of hands, and great influence in the market, so there are not many opportunities to choose. Despite the fact that the market trades 100,000 lots per day, it is difficult for them to convert tens or even hundreds of thousands of lots in a short period of time.

Since there is no way out, we must fight every inch, and the most effective result is to change the direction of the market, so that the trend market will go to the side that is beneficial to you. Although the amount of funds is not very large. However, due to their frequent trading, they need to charge in unimportant point positions.

The $19.10 position has been entangled for some time, but the bulls have not broken through the bears' defenses, which makes the wind direction begin to change a little, and the strength of the follower is not as fierce as before.

In this case, the main force of the bulls is naturally the most anxious, and after a long silence, a large buy order of 20,000 hands suddenly appeared in the buying order. All of a sudden, the short position that had just emerged for a short time was marked at two levels. The short set haode list on these prices was swept away, and the crude oil futures price jumped to $19.12 in an instant.

This is the shrewdness of the bulls, seeing that they are unable to break through the following handicap, they attack lightning at a critical time. In an instant, the defense set by the bears was broken. In turn, the confidence of the follow-up market has soared. The number of small lots has also increased again.

"Sell 1,000 lots!"

"Sell 3,000 lots!"

"Sell 5,000 lots!"

Seeing that the price of crude oil futures suddenly rose by two levels, Zhong Shi was a little confused, not knowing what the bears thought. What he didn't know was. The bears set up to 50,000 lots at the $19.15 position, while the first few prices only set up more than 30,000 lots of short orders piecemeal.

The wishful thinking of the bears is to absorb most of the bulls' attack at the first few prices, and then counterattack on the premise that the bulls are unable to attack at $19.15, although this trick lures the enemy deep Although it comes at a cost, but since yesterday's short settlement and a large amount of money has been brought in, they have buried a big hole for the bulls in front.

It's just a bit dramatic that the bulls were sniped by Zhong Shi before they reached this pit, and after opening a new short position of 9,000 hands in a row, Zhong Shi and the bears had previously set up a haode short lane to press the bulls at the $19.14 position. Seeing that the bulls were weak in attack, the bears who were still lurking behind immediately reacted, and immediately entered the market and threw a large amount of short orders.

At this time, it shows the advantages and disadvantages of the strategies of both sides, after breaking through the position of the integer point of the long order was traded, the bulls did not have enough funds for a while to open a new long position, after all, they also had to reserve a part of the funds for defense, and the bears only need to blindly attack, because they can see that there is another short in the market, and the amount of funds is not small from the operation of these two days.

It is the most tragic to follow the trend at this time, their new long orders are often eaten by the bears immediately, and when they are still immersed in grabbing the main force of the bulls, the price of crude oil futures fell sharply several levels, instantly back to $19.10, which made them complacent just now immediately turned into chagrin. The more astute of them chose to cut off the meat immediately, which was a wise choice. Others, on the other hand, choose to wait for the bulls to attack again.

This is destined to disappoint them, the bulls in yesterday and today two days to pull up the price of the oil index, has exhausted almost the liquidity, although they have a lot of floating profits, but these money can not open many hands of long orders, which is very different from the short with a new force. Under the combined efforts of the original bears and Zhongshi, the price of the oil index was finally suppressed to $18.80, which was also the lowest price of the day.

Naturally, in this process, whether it is a new long order, or a short exchange order, or a long closing order, they have been eaten by the main force of the bears and the follower, and they naturally absorbed a large number of lots in this process, occupying a lot of their margin, and after showing a little fatigue, the bulls who closed off part of the position began to attack again.

The two sides of the market were in a tug-of-war, and the price finally stayed at $18.99, up 0.47%, but the attack and defense of this trading day were not inferior to the previous trading day. In the end, it was the bears who dispersed the bulls at various levels and finally forced back the upward momentum at the $19.14 level.

The market is going to reverse. (To be continued......)

PS: Today, I am especially grateful to my book friends for blooming like an epiphany tonight, making me think about it, laughing... Commuter pass support!