legendary trader

Chapter 546

On Monday night, in the trading room of the resort, Chen Fan and Zheng Xiaopang were watching the trend of crude oil and discussing the market outlook. At this time, He Li and the others also walked in one after another. previous information.

"No matter how you look at it, it feels like this is the bottom." Zheng Xiaopang stared at the international crude oil price curve on the computer screen and said, "Now the charts of US crude oil futures and North Sea crude oil futures are showing signs of bottoming out, and they should not go down. gone."

Although they are not optimistic about crude oil prices in the short term, this does not prevent Chen Fan and Zheng Xiaopang from paying attention to changes in crude oil prices.

"What if it falls below 10 yuan?" Chen Fan has no hope for the current crude oil price trend. He has already checked it with his supernatural power, but there is no light, which means that the oil price will continue to hover around 12 yuan for a while. There is no sign of the dawn yet.

In fact, it is not surprising to think about it. According to the news brought back by Zhu Qige, the recovery of oil prices will not occur until the end of the year. The premise is that the market has determined that the main force to suppress oil prices can no longer support them. They have to start thinking about limiting production and ensuring prices. There is no chance now.

"Since the oil crisis, the international oil price has never been lower than 10 yuan, and now there should be little room for it to fall." At this moment, He Li came over and whispered.

"Do you have any research on oil prices? Tell me, are oil prices bullish or bearish?" Zheng Xiaopang asked casually.

"There are no conditions for the upswing, and there is not much room for the downswing, so I just don't participate in it, just take a look." He Li replied with a smile.

After finishing speaking, he turned his head and said to Chen Fan: "Chen Fan, the result of our discussion this week is to adjust, to see the market's reaction, and to fluctuate around 15 or 6 by the way, to make up the trading volume."

"What about the time?" Chen Fan asked without expressing his opinion.

"One week, if there is nothing wrong with the market, next week we will attack upward again and make a week's adjustment. It stands to reason that the hot money chasing up last week should also leave the market." He Li said with a smile, apparently also prepared.

"Okay, let's do it this week. As for the price, you can discuss it."

Chen Fan agreed without thinking too much, because this idea and Chen Fan thought of the same thing, and he also felt that it was necessary to wash the follow-up funds. Although it could not prevent others from following the trend, it would be okay to wash it several times to let these follow-up funds enter the market repeatedly. Yes, raising their cost of holding shares will also make them feel that the stock should rise.

The trend of Qualcomm this week was decided by two people in just a few words. Zheng Xiaopang on one side curled his lips and turned to Xiaoye next to him and said: "Suck low, small orders enter the market to eat, take as much as you have."

The trader named Xiaoye nodded in agreement, "Understood."

Chen Fan and Zheng Xiaopang began to analyze the international oil price again, but obviously there were still differences of opinion. Zheng Xiaopang felt that the oil price had already peaked, and Chen Fan could not see the light. He felt that the current price of more than 12 yuan may not have room to continue to fall , but at the current price, it is true that there is not much room for decline, unless it breaks through 10 yuan.

"The price of 12.7 yuan has no room for growth in the short term."

Chen Fan still shook his head and said, but although he said so, he was still thinking in his heart whether the price of crude oil will continue to slump until the end of the year?
Chen Fan does not believe that there is an impenetrable wall in the world. Although the news Zhu Qige brought back from going out this time is a bit beyond everyone's expectations, after all, in the eyes of Chen Fan and others, the Middle East countries have made a lot of money from crude oil in the early years. For those with little money, let’s see which country does not have billions or tens of billions of sovereign funds investing in various industries around the world.

But after hearing Zhu Qige's words, Chen Fan knew that those people were used to living a life of luxury and enjoyment, and if they wanted to tighten their belts to live a poor life, it would be impossible.

Can you get really useful information just by going out this way?

Chen Fan was a little uncertain. He guessed that the news might have been spread long ago, but it was still closed in a small circle. Maybe even in those countries, not many people knew about it. That's why it didn't become a household name.

Is this news worthwhile?

Of course the answer is yes, it's just not as big as they imagined.

This is what Chen Fan suddenly thought of last night. Since the news may have actually spread among some people, someone must make up their minds and prepare to do something, so Chen Fan is the first to come here today. Time to start looking at crude oil prices.

However, what disappointed Chen Fan was that there was no change in the international oil price when he checked the international oil price with his supernatural power, and it was still the same, which means that the current intraday highest oil price of 12.8 m yuan/barrel is the highest point in the past month .

It stands to reason that in the current situation, if trading on the floor, Chen Fan should choose to go short. However, Chen Fan doesn't want to move, and he will wait and see before making a decision.

Both Chen Fan and Zheng Xiaopang chose to look at the chart of the crude oil futures in the United States at the moment. No one has any idea about the North Sea crude oil futures. It may be because they have been operating rice stocks recently. In addition, although the price of the North Sea crude oil futures also affects The trend of international oil prices, but relatively speaking, the most influential is the price of crude oil futures in the United States.

After all, U.S. crude oil futures has the strongest liquidity, the largest open interest and trading volume, and supports physical delivery.

Adopting a highly standardized broker model, all transactions are entered into the central system to match transactions, and every profit of an investor is certain to be the loss of other investors.

Both the market and the broker have nothing to do with the customer's transaction, they do not act as counterparties to the transaction, and do not profit from the investor's loss. All broker channels are happy to see their customers continue to make steady profits. This is the relationship between US crude oil futures and spot and foreign exchange. The essence of the virtual disk market is different.

In fact, U.S. crude oil futures are essentially U.S. Texas light crude oil, which is a common type of crude oil in North America.

Due to the military and economic capabilities of the US in the world, US crude oil futures have become the benchmark for all Bluestar crude oil pricing.

In order to unify the domestic crude oil pricing system, the United States uses the crude oil futures contract listed and traded on the York City Mercantile Exchange as the pricing benchmark.

Crude oil, rice, and grain are the three main means by which the United States influences and controls the global economy and financial markets.

The quality of crude oil produced in other regions is of course different from that produced in Texas, the United States. Usually, the conversion is based on the quality of crude oil, that is, viscosity and sulfur content.

In such a market environment, if Chen Fan and the others want to speculate, it is of course the best choice to choose the US crude oil futures with the largest trading volume for trading.

(End of this chapter)