Chen Qiaoshan was staring at the hotel himself, so naturally no one violated his orders, and three million dollars were finally smashed in again.

The international crude oil futures market is large enough that it can theoretically reach 400 times leverage before deleveraging, but under normal circumstances no one will do this.

On-site leverage is generally maintained at around 30 times. If it is a contract in the current delivery month, the single item cannot exceed 3,000 net positions. Chen Qiaoshan now holds nearly 7,000 short positions. Whether it is the leverage ratio or capital investment, it is far beyond ordinary speculators. It is extremely risky no matter how you look at it.

As expected, the record high finally appeared.

After losing more than 13 million Hong Kong dollars overnight, Chen Qiaoshan was able to go back to the room to sleep calmly, and none of the three of them could be calm.

After staying for a night, Cecil was also a little tired.

Outside the window was Victoria Harbor in the morning mist. The original tranquility had been broken. From time to time, freighters and yachts paddled across the sea. He thought about going back to the room to sleep or going to the restaurant downstairs for a sumptuous breakfast. However, thinking of last night's losses, Cecile lost his mood. Although the money was not his, it was not a pleasant thing to meet a stubborn boss.

Suddenly, Lu Zhaolin, who took over him in front of the temporary work station, said brutally: "Oh, Shit!"

Cecil was shocked. This Singapore colleague has always been known for his calmness and rarely has excitement to make him swear. Things are obviously not simple.

Yesterday was the day when the American Petroleum Association announced its inventory that week, but the data has not yet come out.

Cecil suddenly had a very bad premonition, and his first reaction was that something went wrong with the transaction.

Last week, the U.S. Department of Energy announced the use of crude oil reserves, and crude oil inventories decreased by nearly three million barrels. Affected by this, after the data was released, WTI prices rose by more than 3% on the same day and exceeded 50 US dollars for the first time. If inventory continues to decrease this week, it will inevitably continue to boost the trend.

Cecil was shocked. If the speculation was true, the trading price in the after-hours period would definitely rise rapidly, and perhaps it would not leave time for them to react.

One single death?

This word came out in Cecil's mind. This is the most fearful thing for traders, but it is not uncommon. He is absolutely unwilling to trade himself.

Seeing that Lu Zhaolin staring at the screen without responding, Cecil became more and more convinced of his guess, and he asked, "Lu, what's the situation?"

Lu Zhaolin clicked two pages in a row and signaled Cecil to go and see it himself. He stood in front of the window and glanced at it. One was Bloomberg's news end, and the other should be the home page of the American Petroleum Association. The black and white page was too conspicuous. Except for the three blood-red letters of the API and an oil well, there was no beauty at all from the font to the layout. But Cecil knew that such a website was the barometer of WTI crude oil, because this was the information release channel of the American Petroleum Association.

At this point, Cecil was too lazy to think about it.

He took two steps forward and looked at the API page news first. The data on the screen was full. After staying up all night, he didn't want to check it one by one. He turned his target directly to the news end. A bold title was hung on the screen: the API data that week was released, and the U.S. crude oil inventories unexpectedly increased significantly.

"What? How is it possible?" Cecil was full of shock, his whole body almost petrochemicals on the spot, and the market suddenly reversed without anyone expecting it. This was almost a bombshell for the crude oil futures trend.

Lu Zhaolin looked at him and said with a wooden face: "The API crude oil inventories increased by 7.1 million barrels in the week, the previous value decreased by 3.26 million barrels, the refined oil inventories decreased by 210,000 barrels, the previous value decreased by 2.4 million barrels, and the weekly inventory increased by 10,000 barrels..."

Without him listing the data in detail, just one title, Cecil already understands what this means.

A decrease in inventory indicates strong demand. If an increase in demand indicates excessive crude oil supply, the increase and decrease will directly affect the market trend.

There are two important data for crude oil, API and EIA, the latter has a higher influence than the former, but APIs are the most important influencing indicators in the market.

Cecil finally understood why Lu Zhaolin swears. The market originally expected that inventory would be more likely to decrease, but the situation reversed and crude oil inventories increased significantly, which shows that the demand from the United States has weakened. As the current largest crude oil importer, crude oil demand expectations are lowered, which is undoubtedly a major negative.

This is true. NYMEX crude oil futures have plunged. Less than a quarter of an hour before the news was disclosed, the trading price quickly closed down 1.52 US dollars, a drop of as high as 2.7%. When the market is completely digested, the decline may not be the same.

Looking at the real-time trend, Cecil and Lu Zhaolin looked at each other speechlessly.

Both of them are industry veterans who have been in the industry for more than ten years. If you add one, you can't beat Chen Qiaoshan, a young young man. Oil prices have fallen, and the winner is basically clear. How can they not be embarrassed?

Whether it is experience or technical analysis, it cannot guarantee that everything will go wrong. Cecil has to admit that intuition may sometimes be more important than experience. Of course, not everyone dares to try it.

"Chen is a gambler. Our decisions have not made any mistakes. We can only blame the market for changing too quickly." Cecil sighed, with a bit of self-comfort in his words.

Lu Zhaolin smiled bitterly on his face. Last night, the two of them were waiting tacitly to see Chen Qiaoshan’s joke. But who knew that the situation was changing, and now they became jokes. There was no hero at all, so how could it not be embarrassing to make the prince famous?

After a while of silence, Lu Zhaolin said, "Call Elliot and ask him to notify the boss." Chen Qiaoshan lived in a hotel-style apartment on the top floor. He could find someone with just one phone call, but neither of them mentioned it, as if they had forgotten about it.

By the time Elliot arrived, it was already half an hour later.

He left in the middle of the night, but his face was not tired at all, but smiled. As soon as he entered the door, he said, "I know the situation, how is the trend now?"

"The current range price is at least around US$53." Lu Zhaolin replied, and asked, "Do you notify Mr. Chen of the situation?"

Elliott didn't answer, walked to the window and took out his cell phone, dialed it out, lowered his voice and said a few words, then hung up the phone.

Today, the biggest drop in the past two months may be seen. There is no doubt that Chen Qiaoshan has bet right. As of now, oil prices have fallen by more than two US dollars, not only sank the book losses in one fell swoop, but also made a big profit.

Cecil had a little doubt in his heart. Chen Qiaoshan's seemingly stupid and bold move last night was inevitable that people would think about it more. He couldn't help but ask, "Eliot, what do the boss say?"

"He said nothing." Elliot's face looked very strange.

The situation was even more strange than what he said. Chen Qiaoshan was still sleeping. It was not difficult to hear from the slightest vague words that the boss seemed to have expected this situation, but how could this be possible?

Cecil and Lu Zhaolin were both stunned. The profit on the books exceeded 10 million. If anyone were to be alone, he would probably not be calm.

Under the violent fluctuations in the market, it is necessary to integrate information from all parties, especially the opinions of professionals, but Chen Qiaoshan still ignores the news, which is obviously unreasonable.
Chapter completed!