"As for whether the United States Federation has other tricks, don't worry about it for now."
"Okay, Mr. Yuan."
...
At this time, in the trading room.
"Achen, immediately place a long order for 5,000 lots of the 0228 futures contract at $20.75 per ton."
"A Kun, place a long order of 3,000 lots at $20.78 per ton."
"Aqiang, you are..."
The financial department of Miracle Group kept listening to various instructions, and traders quickly executed transactions, pushing up the price of iron ore futures.
The original downward trend of international iron ore prices was instantly stopped and a counterattack was initiated by the Miracle Group's trading team through small-scale and multiple batch purchases.
20.80...20.83...20.87...20.90......
The trend of international iron ore futures rose dramatically again, breaking through the 20.90 level in an instant and heading straight for the 21.00 US dollar/ton mark.
Institutions, funds, and private equity firms from various countries were dumbfounded and failed to react.
Fuck!
Damn it, I was actually washed out.
At this time, in an office of the sovereign fund in Abu Dhabi, the capital of Saudi Arabia.
"Fuck! We've been washed out too?"
"I'm so damn unwilling!"
He looked at the trend on the screen. In a short period of time, the price rose by 7% again, and it was still rising. He wanted to rush in again to get a piece of the pie.
"Manager, we can follow up with a small portion of the funds."
"If we see the timing is not right, we will immediately close our positions and keep the profit and loss ratio within a certain range."
The manager nodded and said, "Okay, it's settled."
"Let the guys move, and be sure to set stop-losses."
"Okay, Manager."
However.
The same thing happens in fund companies around the world.
They were all frightened by the voice of the Commodity Futures Trading Commission (CFTC) and cut their positions and ran away. However, when they saw the trend, they were dumbfounded and thought they were being washed out.
They now rushed in again.
...
Continue read on readnovelmtl.com