The Son of Finance of the Great Age

  Chapter 136 Pushing up oil prices (2)

  In the end, the oil price on this day closed at $18.33, up $0.21, or 1.15%.

   Zhong Shi, Zhong Yi and others who stopped operating saw that it was still early, so they went out together to have a good time in New York, and they also brought Li Mingyang along.

  New York is the largest city in the world, one of the three major metropolises in the world, and the center of American economy, culture, and transportation. In the early twentieth century, it was full of unlimited opportunities, so it was also known as the "Big Apple City", when new immigrants entering the United States entered the United States from here.

   New York is administratively divided into five districts, namely the Bronx, Brooklyn, Manhattan Island, Queens and Staten Island. Staten Island is where the Statue of Liberty is located. The brightly lit New York that is often seen in film and television works generally refers to the urban area of ​​Manhattan Island, which is the center of New York, with more than 5,000 high-rise buildings, including the famous Empire State Building, World Trade Center, Chrysler Building, and Rockefeller Building. Here, almost all large financial institutions in the world have branches or headquarters on Wall Street in Manhattan Island. In addition, there are two famous exchanges, the New York Mercantile Exchange and the New York Mercantile Exchange. center of.

  In addition to Wall Street, Manhattan also has famous attractions such as the United Nations Headquarters, Central Park, and Broadway. Zhong Shi and others also deliberately took photos in front of the United Nations Headquarters, which is the center of world politics and the birthplace of the biggest risk in the financial market—systemic risk.

   After boarding the outdoor viewing platform on the 110th floor of the top floor of the World Trade Center, it happened to be a sunny day. It is more than 400 meters high, and you can overlook the whole New York. Looking at the boats coming and going on the Hudson River, and the New York city full of high-rise buildings, Zhong Yi and the others were very excited and shouted repeatedly, which caused the people who were sightseeing together to cast surprised glances at them. In other people's minds, the "young and mature" Zhong Shi is also very excited, but he hides this emotion well, so that people can't see the slightest expression of his emotion.

Zhong Shi knew that eight years later, two large passenger planes hijacked by terrorists crashed into the Twin Towers one after the other, and thousands of tons of aviation kerosene ignited the steel frame structure of the entire building, making the world's No. A tall building collapsed after dozens of minutes, which changed the trend of the whole world.

Take the crude oil market as an example. If the United States hadn’t launched wars against Afghanistan and Iraq in succession, the world’s crude oil prices would not have soared so rapidly. At least two or three years later than the normal trend, it would not reach hundreds of dollars. The price of a barrel.

   "In the future, let's set up a fund company and buy an office space here too?" After yelling for a long time, Zhong Yi quietly said to the expressionless Zhong Shi.

   "Uh..." Zhong Shi's expression changed, "Are you kidding me? How many hedge funds have you seen set up their locations in this iconic building? Look at what companies are here!"

   Yes, for the most calculating hedge fund managers, such land is extremely expensive and simply not worth it. You know, a small hedge fund can only have a dozen employees at most, and a large hedge fund may have hundreds of employees. You can rent an office in Manhattan to accommodate it. There is no need to spend too much on office space. cost.

   Those who can rent a place here are some large international companies that pay attention to image. They attach great importance to corporate image, and even spend a lot of money on interior decoration of the company, trying to highlight their so-called taste. Of course, some hedge funds have rented space here.

Of course, the biggest reason for Zhong Shi's objection is that he knows that this place will be in ruins in a few years, and everyone will be buried in it, not to mention losing their lives, and paying a lot of money pension.

   "..." Seeing Zhong Shi's reaction was so intense, Zhong Yi put away his thoughts and turned his head to admire the scenery of New York.

  Although he knew that Zhong Yi was unhappy, Zhong Shi could only shake his head with a wry smile. Of course, he couldn't explain all this to Zhong Yi, he could only block it with a tyrannical attitude. However, in his heart, another path has been designed for Zhong Yi, which is to work in the World Bank after he graduates with a Ph.D.

This is not to exclude Zhong Yi from the core circle. In fact, Zhong Shi’s core team lacks an expert. Zhong Shi gradually cultivates Zhong Yi according to the growth model of the chief economist of an investment bank, and waits until Zhong Shi’s advanced memory After running out, it's Zhong Yi's turn to play the leading role.

September 29th, Wednesday, after witnessing the strong strength of the bulls the day before, the sentiment of the market has undergone subtle changes. In addition, the number of trading lots reached 120,000 lots yesterday, and the number of open positions has also increased by 20,000 lots. This is an obvious signal, which means that the funds that have profited from the October contract or some other funds have begun to enter the market one after another.

  Affected by various factors, the WTI contract opened higher on this day, with an opening price of $18.44, a full $0.11 higher than the previous trading day, which is a strong upward signal.

  Such a large jump made other people in the market confident, and they started to go long one after another. Among them, not only the original bulls took advantage of the momentum to pursue, but also a considerable number of short sellers who temporarily defected. Naturally, none of their positions are that huge, so they have unparalleled flexibility in turning around. Moreover, they are all outstanding players who have fought in the futures market for many years, and they are well aware of the meanings represented by various indexes, so they took the lead in attacking short sellers when the green line first appeared.

It's just that the funds that they could mobilize were stopped by the short sellers after they rose by two points. The oil price stagnated after reaching $18.46 a barrel, and then the short sellers launched an attack on this follow-up market, trying to sell these stocks. Ants crawling on elephants shake off.

  Following is like this. When you see a sharp price change in one direction, you immediately swarm to follow it, and then try to make a profit before the next price turning point to leave the market. It's just that whether they can leave safely depends on their own greed and the opinions of the main players on both sides.

  Following the market quickly paid the price. Under the continuous pressure from the bears, the oil price quickly fell to 18.41 US dollars per barrel, and after a short stay, it reached the psychological barrier of 18.40 US dollars.

  Most of the previous follow-up orders established positions at prices such as 18.44 and 18.45, but now they have fallen to $18.40, which means that they have lost at least $40 per hand, which is enough for many follow-up orders to stop losses and leave the market.

   "Buy 1,000 lots and maintain the price first, I don't believe that the bulls won't make a move!" Seeing the aggressive bears, Zhong Shi couldn't sit still. The purpose of his operation was to raise the oil price, not to let the oil price fall.

Following his order, several temporary traders who had long been eager to try looked at each other, and typed orders for different lot sizes on the keyboard. This time, they had discussed it a long time ago, and allocated different lot sizes according to different accounts. , The tacit understanding between them has also improved a lot.

  With the entry of 1,000 lots of buy orders, the bulls barely stood at the price of 18.40 US dollars. Here, the opening orders of short positions and the changing orders of follow-up orders all gathered at this price, and the trading volume also rapidly increased.

Just when the price had just stabilized, a buy order for 10,000 lots suddenly appeared in the market, which instantly raised the price to $18.41, accepted all the sell orders at once, and then did not stop at all, and then traded at the above price. A series of large-scale buy orders were thrown out on the Internet, bringing the strength of the shorts back to $18.47 in one fell swoop, which was even $0.01 higher than before the strength of the shorts.

This is because the main bulls couldn't hold back. After seeing the 1,000-lot buy order, they ignored the short-term tacit understanding with the main short sellers in clearing the market, and couldn't wait to come out and grab the short sale order with Zhongshi. .

  The sudden force suddenly disrupted the rhythm of Zhongshi's absorption, making his buy order only traded 621 lots before he reluctantly withdrew it. At the same time, the steady retreat of the bears has also caught the rest of the market. Those who were still hesitating whether to close their positions more than ten seconds ago called luck, while those who had just stopped their losses and left the market were extremely annoyed.

   "Buy 2,000 lots and continue to push up oil prices!" At this time, it is a good time to "take the courage to chase the poor", Zhong Shi continued to order.

  Under the joint efforts of Zhongshi’s capital and the follow-up market formed again, the price of crude oil futures in November quickly climbed to the price of 18.50 US dollars. Here, the bears will definitely set up a line of defense.

   "This time, we don't need the coordination of the main bulls, so we can break through the shorts!" At this time, the trading room was already in full swing, and Li Mingyang even shouted to beat the shorts.

"That's as you wish!" Zhong Shi laughed, "You can formulate strategies flexibly, as long as you don't spend too much money." At this time, his confidence also increased greatly, and this is still under the condition of his capital. , I believe that the main bulls behind will further push up oil prices.

After getting Zhong Shi's promise, Li Mingyang's confidence greatly increased, and he immediately shouted: "Brothers, buy 3,000 lots and break through the price of 18.50 US dollars in one fell swoop!" The line of defense set up here has been hit in sevens and eights.

   Seeing a large amount of buy orders appear again in the market, the confidence of the bulls in the market doubled, and even some short positions with small positions began to backhand and go long.

  At this time, another batch of 10,000 lots of buy orders entered the market, instantly increasing the number of buy orders to 14,203 lots. After this buy order entered the market, it instantly smashed the already fragmented short line of defense to pieces. The price of crude oil in November was quickly pulled up to 18.60 US dollars, setting a new high for this day's trading day.

   What is puzzling is that the bears did not make corresponding defenses here, and even did not set up defenses at the following price levels of 18.70, 18.80, and 18.90, which made the bulls raise the price to $19.00 in one fell swoop.

  At this integer point, the main bulls who have ignited the bullish sentiment in the market and the swarming followers will fight to the death with the short sellers who have set up a heavy defense.

   Thanks for the support of book friends zhangcui, pumping knife and cutting off oil, Pa La ~ Iron Tower, and book friends 080905234808299! At the same time, thank you for making me think about it, and I am grateful for the reward! The third is to ask for a few more monthly tickets. I hope everyone can continue to support it. The author should take a break. I wish you all a happy New Year's Day in advance and happy reading!

  (end of this chapter)