Rebirth: The Financial Giant - Chapter 969

In the evening, in the small living room of his mansion, Lu Ming was watching the trend of the crude oil market through a laptop.

As for the specific trading process, Lu Ming does not participate and has no time, because the decisive point is within the critical few minutes, so the specific trading process is done by Wanxiang’s people.

Yesterday, Wang Yue came to Lu Ming’s house in person, not just to deliver materials.

All Lu Ming has to do now is to watch, and then wait for Wang Yue to call to tell him the final result.

Time passed by minute by minute. At around 19:00 in the evening, the price of WTI crude oil futures fell all the way from US$18.27/barrel to US$13/barrel, and the intraday drop reached -28.84%. The game rebounded in the short term.

All have fallen below $15, and it’s time to rebound.

At this time, the May contract still has a huge position of 140,000 contracts.

However, the rebound in oil prices that the bulls were waiting for did not appear. Instead, after 19:00, the 2005 contract started a new round of decline, from $13/barrel to $11/barrel, and the intraday decline further expanded to -39.79%. Some of the crude oil players are getting more and more high, and they are not reconciled and continue to raise chips.

In fact, the liquidity at this time has actually been a problem, and it is not comparable to the liquidity during April 15.

The time gradually advanced to 22:00, and the transaction on the Yuanyoubao platform stopped trading at this time node, while the WTI oil price stabilized at $11.7/barrel.

A huge and fatal loophole in Yuanyoubao appeared, and its final withdrawal time was at 22:00 on April 20 in Dongba District, that is, at this very moment.

On the North American side, the final delivery time of the WTI crude oil 2005 contract is 2:30 a.m. on April 21, which is 2:30 a.m. tonight.

In other words, the closing time of Yuanyoubao was delayed four and a half hours before the final delivery time on the North American Exchange.

There is a fatal problem here. The closing time of Yuanyoubao has been delayed to the last day. However, because domestic banks have to leave work early, on the last day of April 21, the domestic trading hours did not completely correspond to the North American trading hours. , but set aside a time gap of four and a half hours.

Just after 22:00, the fatal loophole in the trading time has made it impossible for the customers of the Yuanyoubao platform to trade at this moment, but the worst thing is that the CME Group continues to trade, which undoubtedly gives Wall Street and its international Short sniping provides great convenience.

Minutes and seconds have passed, Yuanyoubao players should sleep and what to do, while the WTI crude oil 2005 contract is still trading.

Some domestic futures players can also trade short-term games normally. Some domestic futures players do not participate through Yuanyoubao, but directly participate in futures market games through other channels.

If Yuanyoubao is the only big fish here, then other individual players, big or small, are small fish and shrimps.

At this moment, the price of WTI crude oil futures is also running sideways around $11.7, and it seems that it will stabilize and rebound.

Just as the time entered the early morning of April 21, the domestic side entered the second half of the night, and the oil price that was running sideways seemed to stabilize and needed to rebound.

“Fuck! Did you fall below $9 on your horse? Cut in half within a day?” A retail investor who speculated in crude oil futures in a certain city in China was stupid when he saw that the price of WTI crude oil continued to dive, and his mentality gradually collapsed. He came in at $11.5. As a result, a loss of 21 percentage points occurred in two hours, which is a loss without leverage.

I can’t take it anymore!

The futures player saw that the scale of the killing was really unbearable, and decided to admit the loss, close the position and cut the meat out.

And at this moment, he is not the only one who thinks so. The bulls inside seem to have a premonition that something is going wrong, and they are desperately trying to close their positions and withdraw, but they soon find something that makes their scalps feel numb. Case.

The contract sold… no one took it at all!

Soon, oil prices further hit a record low, falling below $5 per barrel, and the intraday decline expanded to more than -72%.

…

At the same time, Mr. Wang, who also turned on a computer at home and stared at the WTI disk, couldn’t help standing up from the sofa when he saw the oil price slumping by this extent, and stared intently at the still-destroying oil price.

Wang Yue stared at the screen motionlessly with shocked eyes, and muttered to himself, “My dear, brother, you’re holding on tight, is the oil price really going to drop to a negative number?”

At this time, Mr. Wang didn’t do anything either. The people under the specific trader were working. When and how to make a move, he had already formulated a strategy before the market, and strictly implemented it as Lu Ming said.

He is also waiting for the final moment, waiting for the people under his command to call him to report the results.

At this moment, due to the delay in closing their positions, all the bulls in the market began to fall into collective panic, staged a situation of trampling on each other, and oil prices quickly approached the unprecedented $0 mark.

Finally, oil prices fell to $0/barrel, a record-breaking intraday drop of -100%. All those who watched the price trend of WTI crude oil have witnessed this historic moment.

Some night owls in many communication groups posted screenshots to the group at the first time in the middle of the night, and they spread quickly.

All kinds of communication groups are full of “???” question marks.

The various futures exchange groups in the middle of the night all exploded. Many people saw the screenshots and immediately opened the corresponding software to go to the crowd to witness this incredible historic moment.

The historic drop to $0 is the lowest level since the opening price of oil futures since 1983, and there is no sign of closing.

To run wildly on the road to negative oil prices.

When the oil price falls to $0, it means that the crude oil has been given in vain. What makes the bulls desperate is this, or no one takes the order.

At this time, the bears have realized that the institutions that can receive the spot have left the market, and the rest in the market are all speculators who have no physical delivery ability, and they are all lambs to be slaughtered.

Wang Yue also realized this, but he was more aware than those short sellers, because Wanxiang had the ability to pick up the spot, and was ready to attack his ass.

…

When the time came to 2:00 a.m., the bears began to smash the market tentatively, and the WTI crude oil futures price once again started the third wave of rapid diving in the day, directly falling from 0 US dollars per barrel to an unprecedented negative settlement price.

At the same time, Yuanyoubao holds nearly 97,000 open positions on overseas exchanges at this moment, and one lot is 1,000 barrels, which is more than 97 million barrels of crude oil, accounting for 97 million barrels.

According to its trading seat on the CME Group, it is a speculative investor, not a hedging investor, so it does not have the qualification to deliver physical crude oil when it expires, and can only be forced to liquidate the position.

At that time, Yuanyoubao and the long investors who had not withdrawn from the market had all gone through their positions.

4 minutes before the close, the price of WTI crude oil futures fell to -14 US dollars / barrel, and the intra-day decline expanded to -176.62%;

Two minutes before the close, the price of WTI crude oil futures fell to -22 US dollars / barrel, and the intra-day decline expanded to -220.41%;

As of 1 minute before the close, the price of WTI crude oil futures fell to -30 US dollars / barrel, and the intra-day decline expanded to -264.20%;

Some Yuanyoubao players are desperate to see this situation, because the Yuanyoubao platform here stops trading as early as 22:00. Even if they see a sharp drop and want to close their positions, they can’t trade. UU Reading www. uukanshu. com can only watch oil prices continue to sell off.

But having said that, even if they can trade at this time, they can’t close their positions, because no one takes the order in the intraday, and it is absolutely impossible for anyone to take the short position unless they reach the predetermined price.

…

By 2:30 a.m., the price of WIT crude oil futures slumped to an unprecedented -40.32 US dollars per barrel, a drop of -320.69% in the day. Jin Kuiguang still owes 1.103 million yuan.

In the end, the settlement price of the May contract of WTI crude oil futures was finally set at -37.63 US dollars per barrel, which closed down -305.96% throughout the day, and finally settled at -37.63 US dollars because the delivery of WTI crude oil futures was based on the average of the last 3 minutes. Price settlement.

Wang Yue, who was staring at the final settlement price of the May WTI futures contract, suddenly threw up his thighs and roared in excitement and shock: “My God, the price closed at a negative price, and it was -$37.63, my brother is simply amazing!”

President Wang decided that Tiansheng Capital’s thighs must be hugged to death.

Negative oil prices are unheard of, and reaching -$40.32/barrel is even more incredible.

At this moment, Mr. Wang’s phone rang. The person under his command called him as soon as the market closed to report the final result. Mr. Wang answered the phone immediately.

…