Future chat group

"The trading volume has increased, but..." Lei Hao's palms were sweating. "It's not enough. Fortunately, Xinfeng has not strengthened its beliefs at all."

"It will fall again. If it falls to 10,400, I won't let you fall again." Sitting in the office of the project team, watching the data jump on the screen, Lei Hao didn't know whether his plan could succeed.

Zhao Lichen and Leo were also at the scene. They didn't care. If the price was low, then they would open a position. At the current situation of the Thunder, there is no possibility of going long backhand.

The only uncertain thing is, do you really have the funds to enter? How is its position? Is it really what Lei Hao guessed?

At 13:30 in the afternoon, the futures market reopened, and the price of cotton futures contracts continued to fall. The 30-day moving average of 10485 was about to face a challenge.

"Manager?" Zhao Lichen asked.

"If you don't place an order, if the price drops, we will take the selling order." Lei Hao said calmly.

Lei Hao felt no pressure to give up Xinfeng's strategic space, but he could not afford to lose his own strategic space.

Thunder and Xinfeng are different. The latter entered the market late and deserved the high price for opening a position. As the first bull, Thunder can certainly compete with anyone.

"Damn it, I knew it." Shan Zhenjiang muttered depressedly in Xinfeng Futures on the Shanghai Stock Exchange, and casually cut some selling orders: "Anyway, the price is low, so I will open a position. I will listen to you for now. If the situation has not turned around by 10400, Xinfeng will not let others take advantage of it."

The price soon fell to around 10,400 as expected by the short sellers. Here, Xinfeng and Thunder suddenly exerted their strength and began to cut the selling orders, releasing a signal that it was over.

Lei Hao's heart suddenly became excited. This price is very interesting. If it is lower, the short-sellers who follow the trend will withdraw the unfulfilled selling orders. If it goes back up, it will give room for decline again.

What’s more interesting is that the speculated new funds have not established a short position at all. Lei Hao is betting that the other party does not want to sell short at this price.

So here comes the problem, there is no room to establish a short position at 10400, and there is no trading order to establish a short position at 10700. Unless you are just making a small fuss, otherwise, now you can only go long on the backhand, and operate on the same side in two places.

"I feel that Lei Lei's prediction is a little inaccurate." Shan Zhenjiang felt a little uneasy when he saw the price stabilizing, but when he was asked to raise the price to open a position, he instinctively smelled something wrong.

The reality didn't make people wait long. When the selling orders were cut off, Shan Zhenjiang became sluggish immediately.

The price curve that originally showed a fluctuating decline suddenly rose almost 90 degrees. In the blink of an eye, all the selling orders from 10400 to 10700 were swept away. It seemed that the bulls were gaining strength, even at the price of 10700. There are still thousands of buying orders left.

"Damn it!" Shan Zhenjiang was startled.

"F..." Inside Thunder Investment, Leo and others were almost given a heart attack.

The minimum change price of cotton futures is 5 yuan per ton, and 300 yuan is the 60 price level. In addition, the volume has been shrinking and falling some time ago. There are not many follow-up selling orders hanging here, and there are definitely thousands of lots.

Being eaten?

Lei Hao knew very well that Xinfeng didn't have the courage, so it must have been operated by new funds. In this case...

"He can't run away." Sitting on the chair, Lei Hao finally breathed a sigh of relief.

The other party gave up the short position and opened a long position. Coupled with the changes in the spot price, the situation became clearer.

And as long as your buying position reaches a certain level, you will not have the final say on where the price will be at that time, Xinfeng and Thunder are waiting.

The facts were pretty much what Lei Hao had guessed. After seeing the situation clearly, Xinfeng immediately stopped collecting funds and allowed the newcomers to open up some positions first.

Fortunately for Shan Zhenjiang, the newcomer looked very aggressive, constantly letting the price fluctuate up and down, sweeping away selling orders. However, judging from the positions held by various futures companies, they increased evenly.

"Thunder really guessed it!" Inside Xinfeng Futures, Shan Zhenjiang felt a little bitter and a little scared.

Just looking at the current situation, it is obvious that the entry funds will not be too small. If the bulls take over the market at a high level, the other party is likely to have a short selling area. When the time comes... it is not certain who will win.

Now the other party seems to be having fun in these price spaces, but as the position increases, the initiative gradually shifts back to the hands of Thunder and Xinfeng.

"Mr. Lei, thank you this time." On February 20, Shan Zhenjiang called Lei Hao, with more sincerity in his tone.

As the reserve release approaches, the bearish voice in the market becomes louder and louder, and the amount of funds entering the market scares even Shan Zhenjiang, an old man in the world.

If Xinfeng accepted too many selling orders some time ago, it is likely to force the other party to jump short. The balance of power at this moment will be unbalanced and they will be under greater pressure.

What now? The cotton futures contract price has now fallen from a high of 10715, but the moving average position of 10645 is relatively stable. The total market positions have reached a frightening 900,000 lots, which means that short sellers also hold 450,000 selling contracts.

It is unlikely that all of this will be delivered physically. Lei Hao, Qin Yu, Shan Zhenjiang and others all know that the next situation will be very complicated. It would be strange if the spot market and futures market did not become a mess.

Lei Hao didn't expect that his first long-term investment would be to encounter such a record-breaking event that had never happened in a century. While others were confused and didn't know how far the event would develop, he was already prepared to face the coming storm.

"3.5 million contracts, late March."

"13,000, late March."

"170,000 lots, close the position?"

A piece of information passed through his mind. Lei Hao took out a cigarette from the cigarette case and lit it without taking his eyes off the computer screen.

"Positions are gradually increasing, and trading volume is also gradually increasing, which represents the beginning of a unilateral market, either falling or rising."

"Next, the competition for funds will lead to prices not forming a unified consolidation range, and price fluctuations will be rapid and frequent."

"Short-term investors have huge room for profit. The enthusiasm of free funds to participate has increased, the trading volume has expanded, and the accumulation of short-term funds has been excessive."

“Excessive enthusiasm attracts too much capital, and excessive capital creates excessive enthusiasm.”

"Meat grinder? A feast for capital? A legal casino?"

The dangers of capital will be infinitely magnified at this moment. Three or two people are playing with fire. Suddenly the fire becomes bigger, so big that everyone can see it. Then the fourth, fifth...thousand people get involved, and eventually the fire spreads. A prairie fire.

No one knows where this transaction will go. Lei Hao can see something from future information, but he cannot 100% guarantee that he will not change the future price trend.

But... this capital game, which will attract the attention of the whole world, will represent huge, shockingly large interests.

"I want more funds!"