I have to say that there are not only two bulls in the market, Sumitomo Corporation and Tianyu Fund, after all, there are still a lot of bullish funds in it, but the market has formed a situation of more than long, and the deep reason is that the bears temporarily avoid the limelight, and the bulls camp's view of the market outlook has formed a two-point situation, so the two bulls with unusually strong financial strength have formed a rare situation of more than long.

The liquidation orders on Zhongshi's side are constantly thrown, some of which are taken over by the panicked bears to close their positions, and the other part is taken over by the bullish side to continue to be long. But to a certain extent, the market began to take fewer orders, and the price of copper also had a downward trend, seeing this situation, Zhong Shi and his traders decisively stopped closing positions and continued to go long.

"Minister, the upward pressure has finally disappeared, and we should have resisted the counterattack of the bears." On Sumitomo Trading's side, Kenjiro Oshima wiped the sweat from his forehead and sighed with palpitations.

Originally, it was thought that the price of copper futures would soar under the news of the strike, but as soon as the traders of Sumitomo Trading Company pulled the price of copper futures to $2,990, they encountered strong resistance. Having approached the whole number of points at this level, all traders, including Yasuo Ryusuke, considered this a desperate fight for the bears, and they began to continuously increase the number of lots they bought in units of 100, only to find that the price in this position remained unmoved and remained stuck below $2,995.

After several successive attacks to no avail, Kenjiro Oshima and Yasuo Ryusuke suddenly showed a buy order of up to 2,000 hands after consulting Yasuo Hamanaka. Finally, the sell order near $2,995 was swept away, and the price rose to around $2,998. However, to their surprise, the price rushed to this level and then stalled again.

At the same time, after seeing the price of copper futures rush to around $3,000, the followers began to frantically enter the long market, which also made some of Zhongshi's large-scale closing orders consumed by them, otherwise Sumitomo Trading Company would soon find that the bulls were closing the position.

It is precisely because of the news of the strike that when the bulls encounter resistance, their first reaction is that the bears are desperately suppressing and resisting stubbornly. But they all ignored. After three consecutive days of sharp gains. In addition to the long-term hedging shorts, most of the speculative shorts have turned into frightened birds, and when they hear the news of the extremely favorable bulls, the first reaction of these people is to close their positions as soon as possible.

An unconfirmed piece of news has been circulating on the bearish side in the past few days. A hedge fund from the United States liquidated its position in the process of shorting copper futures. The total capital of $15 million turned into a mere three million. Losses are as high as seventy percent. This makes them feel a little sad and more cautious in trading, which is also the reason why copper prices skyrocketed as soon as the news of the Weishenme Chile strike came.

Hear Kenjiro Oshima's report. Yasuo Hamanaka frowned, thought about it again, and didn't find anything wrong, but he still ordered: "Pay attention to our positions, we can sell some when appropriate, but we must push the price of copper futures to $3,000." ”

Kenjiro Oshima and Yasuo Ryusuke nodded in unison, and then they both realized that their movements were the same as each other, and after the two glanced at each other, they turned their heads at the same time.

……

On the side of Tianyu Fund, almost everyone stopped what they were doing, and stood up and waited for the arrival of this historical moment, before which the price of copper futures had reached this price several times in the eight or nine years and nineties, but those were all sudden surges, not the real sense of supply and demand.

Just when everyone was looking forward to it, Zhong Shi quietly pulled Andrew aside and said in a low voice: "Andrew, it is expected that when this wave of market ends, our operations in London will be over." ”

"That's it?" As Zhong Shi expected, Andrew's reaction was extremely violent, and it could almost be described as a gaffe. He was shocked at first, then incredulous, showed a playful smile, and pretended to ask lightly, "Zhong Sheng, are you joking?" You know, this joke is not funny! ”

To Andrew's disappointment, Jongseok's face didn't show the reaction he wanted. Zhong Shi still looked indifferent, looked at Andrew and replied lightly: "I'm not joking, the closing just now has said everything, that is, I want to leave this market." ”

“weishenme？” Andrew was in a hurry, and his voice involuntarily intensified, causing several traders who were watching the market to look sideways, but soon they turned their heads, and they still knew how to measure.

"The price of copper futures has peaked, and there is not much profit margin if it is operated again, but it increases the risk of a lot of declines, and the futures market is always too risky, which can only be a short-term investment for us, and is not suitable for long-term holding." Regarding Andrew's reaction, Zhong Shi couldn't help but be a little disappointed. In his opinion, the risk of copper futures with a margin of tens of thousands of dollars per lot is too large, and it is difficult to control the trend of the market. Although they have been smooth sailing in the copper futures market recently, it is only with the help of the general trend of Shijie's economic recovery, and it is impossible for them to pull up to the current price level if they are alone.

"However, I have already thought of my investment goals for the next stage, and I may need your help!" After giving Andrew five minutes to digest the news, Zhong Shi added.

Andrew was still a little unwilling, but when he heard that there was a new goal, his eyes couldn't help but light up, and the previous depression dissipated a little. Despite this, he asked sullenly, "Where is the new goal?" ”

"Brazil!" Zhong Shi stabbed Andrew narrowly, and said with some jokingness, "Unrestrained samba, passionate girls, and countless riches." Well, these are all for you. ”

"I'm going to Brazil?" Andrew was stunned. He never imagined that Zhong Shi would let him go to a non-English speaking country, and it was in South America. After thinking about it for a minute, though. The exploration of the unknown quickly suppressed the confusion in his heart, and he replied happily: "I can go, but I must first say a good time, I can't stay there forever." ”

"No problem." Zhong Shi patted his chest and gave Andrew a guarantee on the spot, "If I'm right, two months at most." You know, it's summer in the southern hemisphere, and I'm here to give you a vacation. ”

"Nonsense! Fuck on vacation! Andrew raised a middle finger at Zhong Shi disdainfully, and then still asked without giving up: "Is it true that our copper futures position is going to be completely cleared?" Don't forget. There are still 100,000 tons of copper! ”

"That's right. I almost forgot! Zhong Shi patted his head, and then remembered that there were still 100,000 tons of copper still piled up in the warehouse, "You can go back and sell it, and when the price of expired copper rises to $3,000." ”

Andrew was speechless for a moment. I thought someone was going to be unlucky again. Because this batch of spot copper will definitely be put on the recently opened copper futures contracts in the market. And 100% for the purpose of delivery. After three months, the bulls, who don't know how many times they have changed hands, may go crazy looking for the possibility of getting out or closing their positions in the market, but no one wants to take or close at all. In the end, I was forced to eat this sell order.

After a few more details, Zhong Shi returned to the trading room with Andrew, and found that the price of copper futures had successfully broken through $3,000, and the bears were fighting with the bulls near $3,010.

"Let's start closing the position at the market price! Close all long positions! Andrew shook his head, gave a trading order a little helplessly, then thought about it, and then added: "First use the account of Skyline Financial Company to sell 4,000 short positions, whether it is newly opened or short, as long as there are 4,000 sell orders." ”

Andrew's order made the trader feel stunned for a while, and rashly shorting 4,000 lots at this time will definitely put a lot of pressure on the bulls, and it is even possible to push the price back below $3,000. They all looked sideways at Andrew, and the dissatisfaction in their eyes was clear.

Seeing so many unpleasant eyes, Andrew subconsciously took a step back, and then reacted, and said calmly: "Don't ask Weishenme!" Don't you see that the price of copper is already on the high side? If you don't take advantage of the current price increase, when will you wait? The market is sure to make a major correction in the near future. ”

"Then whether we are short or close, you have to give a clear explanation!" Although Andrew was right, the traders were still unhappy, and the outspoken Ampet teased like this, and anyone could hear the banter in his words.

Andrew glanced at Ampet dissatisfied, wondering if he would have to be strict with these traders in the future, otherwise it would be bad for them to talk so indifferently.

"I'll be in charge of the skyline, and you'll just be in charge of closing the position. Just remember not to cause violent fluctuations in the market, and the subsequent positions can be slowly flattened. Zhong Shi stepped forward and said in a flat but firm tone.

Seeing that it was Zhong Shi's opinion, the traders were silent, and they treated this manager who was younger than them was much more respectful than Andrew.

It didn't take long for the liquidation of Tianyu Fund to be in full swing, although they only threw out dozens or hundreds of sell orders at a time, but they were not enough to see in the face of the surging tide of buy orders. The market has gone completely crazy, and the bulls and the bears who followed them and the $3010 position launched an unprecedented fierce fight, and the number of orders piled up in the market by both sides has reached tens of thousands, and even the brokers can't match for a while.

Taking advantage of this good opportunity, Tianyu Fund immediately increased its efforts to close its positions, and the sell orders that were thrown out repeatedly made the bulls who were bent on Xiangshang Chong also feel that something was wrong, and the long side began to retreat in a jihua manner, and retreated to the $3,000 position one dollar after another, and finally stopped the copper price at $3,001 at the end of the day.

On this day, the price of copper rose by $101, or 3.4%, to an intraday high of $3,010 and a low of $2,900, with a staggering 200,000 lots traded. Analysts have been shocked by all this, and many analysts have begun to be vague and sloppy in their messages to customers or TV stations, because they can't see the market and the future trend clearly. (To be continued......)

PS: Thank you very much for the monthly pass support of my love and water! The author will try his best to improve the deficiencies of this book, and I look forward to your attention.