Chapter 84 From a loss of 600 million to a profit of 400 million
Just when Lin Chen transferred all his last 500 million yuan into his account, Wu Hui immediately got the news.
Wu Hui was stunned immediately: "Five hundred million? How can this brat have so much money?"
When Wu Hui asked people to inquire before, they only knew that Lin Chen first won a sum by betting on stones and lottery tickets, and then made a huge profit of 200 million in the US stock market. After that, his people did not find out what other income Lin Chen had.
.
Why did this kid suddenly show up with another 500 million?
Did his money come from the strong wind?
This is five hundred million!
Even for Wu Hui himself, it is not that easy to earn this figure.
A man who had sold his dignity for hundreds of thousands before could actually get it?
It must be Su Ningyu!
Wu Hui's expression suddenly turned ferocious and gloomy.
He felt that Su Ningyu must have earned the 500 million by helping Lin Chen. Otherwise, how could a brat with no relatives, no power, and no family earn 500 million in such a short period of time?
"Keep on smashing it! It's only 500 million, smash the price of crude oil on me!"
So what if you have money? A poor boy is still a poor boy! Wu Hui has decided to bring Lin Chen back to his original form and make him a penniless poor boy again, losing all his money in this futures market!
So, not long after, another hundred thousand empty orders fell in front of Lin Chen and Su Ningyu.
Affected by this short order, crude oil prices, which had gradually slowed down, began to fall again.
Soon, the price of international crude oil reached 74.22 US dollars!
Lin Chen has lost all the US$14 million he previously invested in the market.
But it was not over yet. Not long after the international crude oil price dropped to US$74.22, another short order of 150,000 lots was placed.
This time it was not Wu Hui who took action, but other financial giants in the market who were alarmed by Wu Hui's work.
The big crocodile thought that Wu Hui had received some news, so he chose to follow suit and establish a short position.
This caused the price of international crude oil to fall again and again, and soon broke through the $74 mark, and the decline showed no signs of stopping.
A general downward trend has been formed under Wu Hui's two consecutive large short orders of 100,000 lots.
Although in the international market, Wu Hui's funds can no longer change the clouds and rain like in China, he can still rely on his strong financial resources to artificially create a general trend and guide the direction of the market.
This is why Tang Xin repeatedly reminded Lin Chen to be careful.
"Lin Chen! I lost all 74 US dollars! Let's withdraw!"
Tang Xin looked at the falling trend chart of international crude oil and felt something bad in his heart.
She sees that a short-selling trend has formed in the market, and unless other financial giants take action, the price of international crude oil is likely to continue to fall.
After Lin Chen added an additional 500 million yuan in margin, although his position could continue to be maintained, if the price continued to fall, or even fell below 70.34 US dollars, then he would lose even the 500 million yuan!
Lin Chen did not speak, but continued to just stare at the trend of crude oil prices.
$73.83…
$73.25…
$72.55…
$70.92!
The prices on the market are almost all the way up, reaching a point of being a bit crazy.
But Lin Chen was not discouraged, he was still waiting, waiting for the trend he had calculated to appear!
…
$70.82, $70.73, $70.55…
Lin Chen's final bottom line to close his position is already close at hand!
Wu Hui clenched his fists and opened his eyes wide, waiting for the price of crude oil futures to reach $70.34 to cheer his victory.
This was a complete victory. Not only did Wu Hui get his revenge, but it was also something to be proud of for himself, because this time, he used his own power to trigger a drop in international crude oil futures prices.
Before other people's names, this is something worth bragging about.
However, Wu Hui suddenly discovered that just when the international crude oil price dropped to 70.4 US dollars, leaving only 0.06 US dollars away from Lin Chen's final bottom line, the international crude oil price suddenly stopped moving!
For ten full minutes, the price of international crude oil stopped at $70.4 without any change.
"What's going on? Is the screen broken?"
Wu Hui waited for a long time and finally couldn't help but ask.
But unexpectedly, at this moment, changes suddenly occurred again!
It's just that this change is not what Wu Hui has been waiting for.
The price of international crude oil suddenly stopped falling and then started to soar crazily!
In less than a minute, it rebounded back to $71, and is still climbing at an alarming rate!
"What's going on? How come it's gone back up? Hurry! Give me another 100,000 lots! Squeeze the price back down for me!"
A short order of 100,000 lots was placed on the market, but it was immediately closed without even a splash.
The price of international crude oil has not dropped a penny, but continues to rise linearly.
The $72 barrier was broken instantly.
"What's going on with you? I asked you to lower the price! Don't you understand?!"
"Wu, Mr. Wu! I can't hold it back anymore! I don't know what's going on in the market now, there are all long orders!"
"How is that possible? Aren't there many people who were short-selling with us just now? Where are those people?"
Just when Wu Hui shouted, a trader at the bottom suddenly stood up: "Master Wu! It's bad! Something happened in the Middle East!"
…
"According to the latest news, Bosi State has just seized an oil tanker from the Great Eagle Nation in the Gulf. The Eagle Nation's navy has been dispatched. The two navies are currently facing off in the Gulf, and a conflict may break out at any time..."
Tang Xin read the news on her phone and suddenly jumped up: "That's great, Lin Chen! International crude oil prices are particularly sensitive to wars. As long as this conflict is not resolved, crude oil prices will never fall again!"
Just now, Tang Xin witnessed a miracle happen.
The international crude oil price, which was already about to fall below Lin Chen's bottom line, suddenly experienced a shocking 180-degree reversal.
The short sellers who were originally everywhere in the market disappeared in an instant, and were replaced by crazy bulls.
Almost every few minutes, hundreds of thousands of long orders appear on the market, and crude oil prices start to rise straight up like a rocket taking off.
The reason for this is the news that Tang Xin read just now.
The Gulf region is the main producer of international crude oil. Any disturbance there may have a huge impact on the price of crude oil. Now that we know that a war may break out there, only fools will continue to buy short.
Sure enough, the price of crude oil soared, US$72, US$73, US$74, US$75, US$76, US$77...
Within an hour, the price of crude oil rose to US$78.52. Then, the rising momentum was stopped by the sudden appearance of several short orders worth hundreds of thousands of lots in the market.
Seeing this, Tang Xin has judged that US$78.52 should be a line of defense set up by the short-selling financial giants. If this line of defense is exceeded, the short-selling giants will suffer losses. For this reason, they will do whatever it takes.
, hindering the rise in prices.
In addition, the situation in the Gulf region is still unclear, and no one knows whether the conflict will actually break out. Therefore, the bulls have temporarily chosen a truce and wait and see.
In the following time, the international crude oil price stopped at US$78.52, neither rising nor falling.
Although the battle between long and short is not over yet, for Lin Chen, his battle is over.
Through calculations, he has calculated that the war cannot be fought, and the confrontation between Great Eagle Country and Bosi Country will end in a few hours. By then, the price of international crude oil will fall again.
Therefore, Lin Chen did not hesitate to instruct Tang Xin to sell all the futures in his hands!
Soon, the deal was concluded!
Lin Chen's account had an extra US$63.36 million! Nearly 400 million yuan!
Seeing these funds, Lin Chen's heart skipped a beat and he felt like he was on a roller coaster.
Originally, he had almost lost all his 600 million yuan, but in the blink of an eye, he made a huge profit of 400 million yuan.
From hell to heaven, it only takes less than an hour.