"Another bull is opening a position at a low level?" Yasuo Hamanaka asked coldly. When the price of copper rose to nearly $2,600, Sumitomo Corporation's traders cheered. They had plenty of reason to cheer, because in August and September, they quietly built a floor in the market, and the price at that time was only slightly higher than the price of spot copper, and their average price was around $2,530.

In other words, even without the rise of Jongseok, the people of Sumitomo Trading Company would not have watched the price of copper futures fall below $2,540, but with the other bulls pulling up, the people of Sumitomo Trading Company are optimistic.

But Yasuo Hamanaka didn't think so, and his first reaction was that there were new bulls joining the market. Prior to this, he had already explored the bulls and bears that currently exist in the market, and even had a slight understanding of their operating methods and styles. Like today's practice of changing hands while pulling up, he knows that this is a very common technique in the futures market, and the important thing is that in the absence of enough bottom positions, this operation can only be short-term.

Therefore, when he learned the news, his first reaction was that there were new bulls quietly opening positions at a low level, which was obviously taking advantage of the intraday price fluctuations, taking over at the low level, and then breaking through at the key price level.

The way to test whether the bulls are the main force of the capital scale is also very simple, that is, in the short term, the copper price will be suppressed to the position where they opened a position, to see if the bulls can continue to support, if there is a phenomenon of liquidation, it means that the bulls' funds are limited, and there is strong support at a low level. It shows that the other party has a lot of confidence, in other words, there is a lot of money.

"Shall we test it?" Kenjiro Oshima asked tentatively. Yasuo Hamanaka thought for a while, and then said leisurely: "Temptation? weishenme temptation? He raises the price of his copper, which is good for us, so let him continue to pull it up. I want to see who dares to make trouble under my nose! ”

If this bull has strong financial strength, then he will definitely continue to pull up in the coming days, and as long as it reaches a certain position, Hamanaka Yasuo does not mind ceding his position to this bull. Even if it is a huge amount of over-exchange. It's just that in exchange for real money and a reduction in positions. If this is the case, Yasuo Hamanaka can even change hands to go short to form an opponent with the bulls.

……

What Zhong Shi did not expect was that his move to raise not only attracted the attention of predators who were already lurking in the copper futures market, but also attracted the attention of other speculative funds.

Not every hedge fund has the size of a fund like a quantum fund. In fact, many hedge funds with only tens of millions of funds have also come to the maturity copper market. With all their funds. At most, they can open a position of 1,000 lots, and considering the risk, they also have to set aside a part of the funds for reserve purposes. Therefore, these speculative funds are nothing at all in Zhong Shi's eyes, just one of the many "followers".

However, these "followers" are not simple, after all, they are also experienced fund managers, and they also know the general pulling techniques. In the process of pulling up and reducing his holdings, Zhong Shi could clearly feel from the intraday that there were other long positions closed before him, which made his rise not as smooth as he imagined.

But what does it matter? Zhong Shi threw out thousands of lots, or even tens of thousands of lots, anytime and anywhere, and he could still pull the price of copper futures to an incredible position, but in this way, it is estimated that the liquidity of this market will be destroyed by him. Just imagine, a shili that can make people liquidate at any time lurks in the market at all times, and anyone who operates must be careful and careful, otherwise they may become cannon fodder in an instant.

On Thursday, October 26, as soon as the copper market opened, it showed a rising jiashi, and the long and short sides began to fight fiercely after a little contact, but because Zhongshi has been buying at a lower position, it has formed a strong support for the price, so that the price of copper has not fallen much, and the rise is slow, but very firm.

"Huh? A change of style? Yasuo Hamanaka couldn't help but sigh with some surprise when he saw the plate. In his opinion, although this shili has not yet shown the scale of funds, it can be seen from the previous operation that the style of this fund manager, at least in the short term, the traces of this operation are rooted.

As for the small lots that occupied most of the trading time, he, like Zhong Shi, did not pay attention to it at all. Unlike Zhong Shi, he treats these small lots of money as a fat sheep to give and take, and he will take a bite if it is only possible.

Today's market situation is obviously that the long and short sides are fighting fiercely, but once the bears suppress the price of copper to a lower price, there will be a large amount of buy orders immediately, and the decline will be stopped steadily, and then the copper price will begin to rebound to the position that has not fallen, and the two sides will start to fight again.

There are two possibilities for such a situation, the first is that the bulls pulled up yesterday did not appear in the market, and the second is that the other party has changed its operating style. Yasuo Hamanaka thinks that the first is the most likely, because a person's operating style is not something that can be changed at the moment.

Although there is some regret, Yasuo Hamanaka became interested in the other shili that supports the copper price, and he knows that in addition to Sumitomo Trading, there are several other shili that are quietly pushing up the copper price, one of which is the famous Quantum Fund.

For the quantum fund to enter the copper futures market, Hamanaka Tainan has a welcome attitude, after all, their general direction is also long. Even when he didn't know the details of the other party, Yasuo Hamanaka inadvertently dug a hole for the quantum fund. It was in the copper futures market in June, Hamanaka Yasuo forced the options short to leave, and he also began to close the position on a large scale soon after Zhongshi's funds left, and the main force of the bears at that time was not willing to close the contract of the month, and took the opportunity to attack, the double pressure of long liquidation and short attack was borne on the largest long quantum fund in the market at that time, and the quantum fund was finally forced to take over a lot of long positions, which made their profits at that time reduced.

Come to think of it. Yasuo Hamanaka snorted proudly: "Even if you are a tiger, this market is my world, if you want to make money here, you must first ask me if I agree." ”

Now there are bulls to raise the price of copper, which suddenly touched the sensitive nerve of Yasuo Hamanaka, as the so-called side of the couch, how can others be allowed to snore, Yasuo Hamanaka thought of the plan to pit other bulls again.

"Hamanaka-san, are we going to do something?" Kenjiro Oshima asked cautiously when he saw Yasuo Hamanaka's face change.

Yasuo Hamanaka shook his head. Stopped: "Don't worry about it for the time being. Let's help this bull to pull up the copper price first, so that he can operate with confidence, and when he reaches the $2,700 position, he will transfer part of his position to other bulls. Then let it out in the market. When the time comes, force them to admit defeat in the low post. Wouldn't it be better if we could open a position at a lower price and wait until the future to pull it up? ”

Kenjiro Oshima saw that Yasuo Hamanaka already had a plan. Go out and tell the trader to go long in the short term.

……

At this time, the price of copper futures has risen to the position of 2,630 US dollars, and Zhongshi enters the market every time the price of copper futures repeats, pushing the price of copper futures up step by step. After several consecutive operations, other investors have understood that the low price of copper futures is supported, which makes them feel confident and bold to go long, making the battle between the long and short sides more intense.

At this moment, there was a sudden change in the market, a large number of buy orders appeared out of thin air, and the long and short sides who were still fighting were immediately suppressed, and the bulls first swept away the short positions near $2,630, and then quickly attacked, almost in a minute, the price of copper futures forcibly rose to $2,655.

"This? What's going on? When Andrew saw a long green line appear out of thin air on the computer, he asked Zhongshi in great confusion.

Zhong Shi shook his head, pouted and said, "I don't know either." In his heart, he already vaguely felt that this might be a trap for the main force of the bulls, and the purpose may be to warn him of this kind of underpinning behavior.

The reason for this warning may be that he is not clear about his positions and funds, and secondly, through this sudden behavior, he is told not to try to open a position at a low level.

"Let's close the deal!" Zhong Shi shrugged his shoulders and said helplessly. He already knows that if he continues to support the bottom, the other party will definitely continue to pull up the price of copper, and then he may fall into the trap of the other party. If you eat it, it is very likely to startle the snake, and if you don't eat it, the other party only needs to suppress the price of copper futures to about 2,600 US dollars, which will make his bottom behavior appear to be a loss.

Although several traders were puzzled, they faithfully carried out Zhongshi's order and stopped the operation of the backing.

……

When other investors in the market see this sudden upward behavior, they no longer care about what it means, they want to close their positions at a high level and strive to maximize profits; Either open a new short position at the high level, because this sudden rally is followed by a sharp fall, and the copper price began to accelerate its decline under the combined force of the two shilis, and soon fell to the $2,630 position, and then continued to fall.

"Hamanaka-san, I didn't take the position." Kenjiro Oshima slammed open the door of Yasuo Hamanaka's office and shouted loudly in a gaffe.

Yasuo Hamanaka glanced at Kenjiro Oshima dissatisfied, and said disdainfully: "He doesn't take it, we'll take it!" ”

When the price of copper futures fell to $2,625, Sumitomo Corporation's funds began to enter the market, and they firmly and slowly took long closing orders and short new orders, and soon stabilized the price to $2,630.

Seeing the bulls strike again, other long investors put their hearts back into their stomachs, and then they began to fight with the bears one price after another, unaware that the main force of the bulls behind them had changed roles.

The price of copper finally closed at $2,635, up $49 from the previous trading day, as the intervention of the two bulls increased the trading volume by a full 40,000 lots from the previous trading day. (To be continued......)

PS: Thank you very much for the autumn in the south, book friends, and the reward that made me think about it! Thank you for your strong support recently, I hope you will continue to pay more attention, and the author will make persistent efforts~