Rebirth I can see the success rate

Chapter 83 Crude Oil Fright

Doing more international crude oil futures means buying up the future price of international crude oil.

This is the decision that Lin Chen made after calculating the international futures varieties one by one while eating.

According to Lin Chen's calculations, this afternoon, the international crude oil futures market will experience major volatility. The reason for this volatility is not a human factor, but a general change caused by an accident.

The international crude oil futures market is huge, with daily trading volume exceeding one trillion yuan.

Such a huge market, not to mention that Lin Chen’s money invested in it is not even a small shrimp. Even Wu Hui and his Wu family can only be regarded as a small fish. They may be caught by those real Eaten by international predators.

In such a market, it is completely impossible for Wu Hui to copy the methods of the domestic futures market. If he wants to deal with Lin Chen, he can only pin his hopes on his own vision.

In terms of vision, Lin Chen didn't think that Wu Hui's subordinates could be compared with himself who could count the success rate!

"Crude oil futures?"

Tang Xin frowned, then opened the real-time chart of the international crude oil futures market.

"Lin Chen, the crude oil market has not fluctuated much recently. This market now seems to be a pool of clear water. Does Wu Hui's capital still have the ability to influence price trends?"

The more inactive the market, the more large-scale transactions can act as a vane.

Therefore, Tang Xin judged that if Lin Chen enters the crude oil market at this time, whether he buys long or short, as long as Wu Hui performs the opposite operation, the market is likely to fluctuate due to Wu Hui's actions.

Those speculative individual may think that Wu Hui is a big man who has received the news, so they will advance and retreat with him and affect the price trend.

Lin Chen took Tang Xin's judgment deeply.

However, he knew he did not have many choices.

After all, major events that can affect the financial situation do not happen every day in this world.

So if Lin Chen wanted to retaliate against Wu Hui, the only battlefield he could choose was crude oil.

"Tang Xin, just crude oil. Put all the 100 million in my account into long!"

"Lin Chen..."

Tang Xin still wanted to persuade a few words, but Lin Chen had already made up his mind and could not be changed.

In desperation, Tang Xin had to follow Lin Chen's instructions and began to build a position in the crude oil futures market.

The available funds in Lin Chen's account are only more than 100 million yuan, which is only about 14 million US dollars in US dollars.

However, the leverage of the international crude oil futures market can be as high as 100 times. Through this 100 times leverage, Lin Chen's actual disposable funds have reached 1.4 billion US dollars!

It sounds like a lot, but in fact, when Tang Xin invested the money in the market, the market reacted almost nothing. The price of crude oil has been fluctuating around $75 per barrel.

Before he knew it, all Lin Chen's money went into the futures market.

International crude oil futures are equal to 1 lot per thousand shares. Lin Chen's 1.4 billion US dollars finally established a total of 18,000 lots in the market.

Next, as long as the price of international crude oil increases by 0.01 US dollars above 75 US dollars, Lin Chen will earn a net profit of 180,000 US dollars.

But in the same way, as long as the price of crude oil fell by 0.01 US dollars, Lin Chen would lose 180,000 US dollars, and when crude oil fell by 0.78 US dollars, Lin Chen's money would be lost.

Seeing Tang Xin complete the transaction, Lin Chen whispered, "Next, it depends on our luck."

Lin Chen calculated that within the next hour, that big event that could influence the price of crude oil would happen, but at which point in time, Lin Chen’s ability could no longer be accurately calculated, and he could only roughly speculate. The probability of occurrence within half an hour is 60%, and the probability between half an hour and an hour is 40%.

Up to an hour!

As long as he perseveres, it is his own victory, Lin Chen clenched his fists.

But at this moment, a short order of 100,000 lots appeared on the crude oil futures market, which shocked Lin Chen's heart.

A short order of 100,000 lots is considered a big short order in the calm market right now.

Seeing this short order, the price of international crude oil immediately fell in response, from the initial $75 per barrel to $74.95.

In the blink of an eye, Lin Chen had already lost 900,000 US dollars.

"Lin Chen?!" Tang Xin turned his head.

"It's them! The Wu family is here!" Lin Chen said with solemn eyes.

He guessed right. After receiving Manager Liu's call, Wu Hui immediately commanded the move, and followed Lin Chen into the crude oil trading market.

After confirming that Lin Chen was doing long, Wu Hui hardly hesitated, so he chose to confront Lin Chen. He wanted to be short!

Because of the spy Mr. Liu, Wu Hui has control over Lin Chen's principal and purchase price.

"Smash it for me! It's up to $74 a barrel! I want that kid to lose his money!"

As Tang Xin had estimated before, Wu Hui's actions quickly attracted the attention of many people in the calm market.

These people saw that someone was looking at short positions, thinking that the other party had some inside information, and then they hung up their short orders.

Soon, hundreds of thousands of small orders continued to appear, making international crude oil prices bearish.

74.9 USD per barrel...

US$74.87 per barrel...

US$74.85 per barrel...

Regardless of the fact that the price of crude oil has not changed much, Lin Chen has already begun to make a large-scale loss.

In just a few minutes, his loss has expanded to $2.7 million!

"Lin Chen?" Tang Xin exclaimed excitedly.

The current international crude oil price trend is very bad. The short side in the market seems to have been mobilized. A continuous decline seems inevitable, but if this continues, Lin Chen's principal will be lost!Once he was forced to liquidate his position, Lin Chen's money would be gone!

Lin Chen was also very nervous, but he also knew that he had to be patient.

Major events that make crude oil prices change can happen at any time.

However, in the next ten minutes, international crude oil futures prices continued to fall.

Wu Hui used much more funds than Jiang Yi to create empty orders in the market, which caused many people to follow suit.

Soon, the price of international crude oil futures broke through to 74.5 US dollars a barrel.

From Lin Chen's closing line of 74.22, there is only a gap of $0.28.

"Lin Chen, the trading platform has already issued a warning to us. If you don't add a margin, the other party will close the position at any time!"

The trading platform requires a margin call, which means that there is not much money in Lin Chen's account that can be shorted. If he does not make additional investments, the trading platform will actively sell the futures on Lin Chen's account to avoid risks.

Tang Xin didn't know that Lin Chen still had funds, thinking that the money he put into the account was all that Lin Chen could use, he suddenly cried out in despair.

But at this moment, Tang Xin suddenly discovered that there was another 500 million in Lin Chen's account!

"Lin Chen, this money..."

"Don't tell me, let's add the margin!" Lin Chen ordered.

The trip to Hong Kong Island made Lin Chenhao earn 1.5 billion, but 1 billion of it had already been used by Lin Chen, and now this 500 million was the last sum of money Lin Chen held.

But in order to persist until the miracle happened, Lin Chen could only bet it all.

Tang Xin didn't have time to think, and subconsciously transferred the money to the platform.

Five hundred million yuan, equivalent to seventy million U.S. dollars, could allow Lin Chen to hold on for a while.

However, can he sustain the miracle?

This time, even Lin Chen himself had no bottom.