To The Moon
Home
News
TigerAI
Log In
Sign Up
AGUSTA
+Follow
Posts · 26
Posts · 26
Following · 0
Following · 0
Followers · 0
Followers · 0
AGUSTA
AGUSTA
·
2020-04-20
[呆住] [呆住] [呆住]
Sorry, this post has been deleted
看
1.97K
回复
Comment
点赞
Like
编组 21备份 2
Share
Report
AGUSTA
AGUSTA
·
2020-04-20
[呆住] [呆住] [呆住]
交割临近，美原油期货现“逼仓式”暴跌
纽约商品交易所（NYMEX）原油期货（WTI）5月合约开盘后持续走低，跌至10.77美元/桶。与此同时，6月合约价格维持在20美元/桶以上。原油期货近月合约与次近月合约出现如此巨大的价差，史上罕见。
交割临近，美原油期货现“逼仓式”暴跌
看
2.17K
回复
Comment
点赞
Like
编组 21备份 2
Share
Report
AGUSTA
AGUSTA
·
2020-04-17
[财迷] [财迷] [财迷]
看
1.80K
回复
Comment
点赞
Like
编组 21备份 2
Share
Report
AGUSTA
AGUSTA
·
2020-04-15
[开心] [开心] [开心]
Sorry, this post has been deleted
看
2.22K
回复
Comment
点赞
Like
编组 21备份 2
Share
Report
AGUSTA
AGUSTA
·
2020-03-19
[微笑] [微笑] [微笑]
Sorry, this post has been deleted
看
1.76K
回复
Comment
点赞
Like
编组 21备份 2
Share
Report
AGUSTA
AGUSTA
·
2020-03-12
[666] [666] [666]
Sorry, this post has been deleted
看
1.74K
回复
Comment
点赞
Like
编组 21备份 2
Share
Report
Load more
Most Discussed
{"i18n":{"language":"en_US"},"isCurrentUser":false,"userPageInfo":{"id":"3520035050081687","uuid":"3520035050081687","gmtCreate":1556941028806,"gmtModify":1584022360034,"name":"AGUSTA","pinyin":"agusta","introduction":"","introductionEn":null,"signature":"","avatar":"https://static.tigerbbs.com/9ef3e1fb3faf8494cdcae1e3948ba7fe","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":6,"headSize":52,"tweetSize":26,"questionSize":0,"limitLevel":999,"accountStatus":3,"level":{"id":2,"name":"无畏虎","nameTw":"無畏虎","represent":"初生牛犊","factor":"发布3条非转发主帖,1条获得他人回复或点赞","iconColor":"3C9E83","bgColor":"A2F1D9"},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":0,"symbols":null,"coverImage":null,"realNameVerified":"success","userBadges":[{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.01.28","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001}],"userBadgeCount":1,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":1,"crmLevelSwitch":0,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"page":1,"watchlist":null,"tweetList":[{"id":922045507,"gmtCreate":1587398039509,"gmtModify":1705303753437,"author":{"id":"3520035050081687","authorId":"3520035050081687","name":"AGUSTA","avatar":"https://static.tigerbbs.com/9ef3e1fb3faf8494cdcae1e3948ba7fe","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3520035050081687","idStr":"3520035050081687"},"themes":[],"htmlText":"[呆住] [呆住] [呆住] ","listText":"[呆住] [呆住] [呆住] ","text":"[呆住] [呆住] [呆住]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/922045507","repostId":"1101170167","repostType":4,"isVote":1,"tweetType":1,"viewCount":1971,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":922045862,"gmtCreate":1587398018756,"gmtModify":1705303752949,"author":{"id":"3520035050081687","authorId":"3520035050081687","name":"AGUSTA","avatar":"https://static.tigerbbs.com/9ef3e1fb3faf8494cdcae1e3948ba7fe","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3520035050081687","idStr":"3520035050081687"},"themes":[],"htmlText":"[呆住] [呆住] [呆住] ","listText":"[呆住] [呆住] [呆住] ","text":"[呆住] [呆住] [呆住]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/922045862","repostId":"1172202419","repostType":4,"repost":{"id":"1172202419","kind":"news","pubTimestamp":1587393185,"share":"https://ttm.financial/m/news/1172202419?lang=&edition=fundamental","pubTime":"2020-04-20 22:33","market":"fut","language":"zh","title":"交割临近，美原油期货现“逼仓式”暴跌","url":"https://stock-news.laohu8.com/highlight/detail?id=1172202419","media":"格隆汇","summary":"纽约商品交易所（NYMEX）原油期货（WTI）5月合约开盘后持续走低，跌至10.77美元/桶。与此同时，6月合约价格维持在20美元/桶以上。原油期货近月合约与次近月合约出现如此巨大的价差，史上罕见。\n","content":"<p>纽约商品交易所（NYMEX）原油期货（WTI）5月合约开盘后持续走低，跌至10.77美元/桶。与此同时，6月合约价格维持在20美元/桶以上。原油期货近月合约与次近月合约出现如此巨大的价差，史上罕见。</p>\n<p>熟悉期货交易的投资者清楚，期货交易存在交割环节；如在最后交易日前未能平仓的合约，则须进入实物交割环节。而美国纽商所原油期货的交割物，自然就是原油（西德克萨斯轻质含硫原油）。WTI原油期货5月合约今日遭到“踩踏式”抛售，表明了市场上有大量的原油多单持仓者并不想要真正交割原油，只是利用期货交易、赚取投机收益罢了。</p>\n<p><b>一般而言，不同到期月份的期货合约价格之间，差距不会太大。习惯上把远月合约价格高于近月合约的现象称为Contango，而把近月合约价格高于远月合约的现象称为Backwardation。</b>Contango表明投资者看多远月合约，即看好后市，不看好当下；而Backwardation表明投资者看多当下，不看好长期市场。</p>\n<p><b>而此次WTI原油5月合约价格被锤到11美元，6月价格维持在21左右，这样的现象被称为“极深的contango”（extremely deep contango）。</b></p>\n<p><b>此次出现“极深contango”的原因有三个：</b></p>\n<p>1 前期投资者在近月合约（5月WTI）上建立了大量投机多仓，而这些多仓并没有真实的原油需求。而此前关于减产的力度不足，导致原油供大于求的预期，交割临近，投资者必须将多余的多仓砍掉，因而出现踩踏；</p>\n<p>2 我们知道，市场上存在大量跟踪原油价格的基金（ETF），而这些基金为了维持长期连续性而不得不每个月进行期货合约的“展期”（也叫“换月”），而无论是contango还是backwardation，都是他们厌恶的，因为会造成跟踪误差。那么，随着投机者砍仓行为的增多，形成了“极深contango”，因而跟踪原油价格的“原油指数”或“原油ETF”不得不提前换月，这加剧了5月合约的抛售，与6月（或更远月份）合约的买入；</p>\n<p>3 由于WTI原油5月合约价格被锤爆，那些利用原油期货进行卖方保值的真实套期保值者，即将面临重大亏损。因而他们将被迫做空5月合约，来对冲自己的实物空仓仓位。这进一步加剧了价格的下跌。</p>\n<p><b>总之，此次原油期货价格暴跌，是恐慌情绪之下交易者出现踩踏的结果。</b>而踩踏的诱因是此前OPEC+关于减产力度不及预期。</p>\n<p>据悉，OPEC+确认自2020年5月1日起进行为期两个月的首轮减产，减产额度为970万桶/日；自2020年7月起每日减产800万桶至12月；自2021年1月起每日减产600万桶至2022年4月。俄罗斯和沙特以1100万桶/日为基准，各自减少250万桶/日。而其它国家则以2018年10月产量为基准减产23%。美国、加拿大、巴西会共同承担370万桶/日的减产额度，而其它G20国家则每日减少130万桶。</p>\n<p>即便如此，在疫情冲击与全球经济衰退的预期下，这样的减产力度仍然会造成原油供大于求。油价下跌的势头目前暂难扭转。截止发稿时，WTI原油5月期货交投于11.39美元/桶，6月合约价格为22.84美元/桶。<img src=\"https://static.tigerbbs.com/2775e5b653b10b719ecea1fe6beba49b\"></p>\n<p><span>美国纽商所原油期货近月合约（5月）价格，数据来源：Wind</span></p>\n<p><img src=\"https://static.tigerbbs.com/391bf7bba8971770fa06e854f67d0c6d\"><span>美国纽商所原油期货次近月合约（6月）价格，数据来源：Wind</span></p>\n<p>此外，值得注意的是，此前一轮原油暴跌，为国际资本市场带来巨大的冲击，随后美股出现了持续半个月的惨烈下跌。今日美股反弹已经到达局部高点，而油价冲击又起，这是否会造成国际资本市场新一轮的下行呢？</p>\n<p>让我们静观其变吧。</p>","source":"gelonghui_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>交割临近，美原油期货现“逼仓式”暴跌</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n交割临近，美原油期货现“逼仓式”暴跌\n</h2>\n\n<h4 class=\"meta\">\n\n\n2020-04-20 22:33 北京时间 <a href=https://www.gelonghui.com/p/366249><strong>格隆汇</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>纽约商品交易所（NYMEX）原油期货（WTI）5月合约开盘后持续走低，跌至10.77美元/桶。与此同时，6月合约价格维持在20美元/桶以上。原油期货近月合约与次近月合约出现如此巨大的价差，史上罕见。\n熟悉期货交易的投资者清楚，期货交易存在交割环节；如在最后交易日前未能平仓的合约，则须进入实物交割环节。而美国纽商所原油期货的交割物，自然就是原油（西德克萨斯轻质含硫原油）。WTI原油期货5月合约今日...</p>\n\n<a href=\"https://www.gelonghui.com/p/366249\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://static.tigerbbs.com/aa4a2187b267c2b09c55779e0a8af4ab","relate_stocks":{},"source_url":"https://www.gelonghui.com/p/366249","is_english":false,"share_image_url":"https://static.laohu8.com/6b8fa6424aebe95f6781d04ef17a1852","article_id":"1172202419","content_text":"纽约商品交易所（NYMEX）原油期货（WTI）5月合约开盘后持续走低，跌至10.77美元/桶。与此同时，6月合约价格维持在20美元/桶以上。原油期货近月合约与次近月合约出现如此巨大的价差，史上罕见。\n熟悉期货交易的投资者清楚，期货交易存在交割环节；如在最后交易日前未能平仓的合约，则须进入实物交割环节。而美国纽商所原油期货的交割物，自然就是原油（西德克萨斯轻质含硫原油）。WTI原油期货5月合约今日遭到“踩踏式”抛售，表明了市场上有大量的原油多单持仓者并不想要真正交割原油，只是利用期货交易、赚取投机收益罢了。\n一般而言，不同到期月份的期货合约价格之间，差距不会太大。习惯上把远月合约价格高于近月合约的现象称为Contango，而把近月合约价格高于远月合约的现象称为Backwardation。Contango表明投资者看多远月合约，即看好后市，不看好当下；而Backwardation表明投资者看多当下，不看好长期市场。\n而此次WTI原油5月合约价格被锤到11美元，6月价格维持在21左右，这样的现象被称为“极深的contango”（extremely deep contango）。\n此次出现“极深contango”的原因有三个：\n1 前期投资者在近月合约（5月WTI）上建立了大量投机多仓，而这些多仓并没有真实的原油需求。而此前关于减产的力度不足，导致原油供大于求的预期，交割临近，投资者必须将多余的多仓砍掉，因而出现踩踏；\n2 我们知道，市场上存在大量跟踪原油价格的基金（ETF），而这些基金为了维持长期连续性而不得不每个月进行期货合约的“展期”（也叫“换月”），而无论是contango还是backwardation，都是他们厌恶的，因为会造成跟踪误差。那么，随着投机者砍仓行为的增多，形成了“极深contango”，因而跟踪原油价格的“原油指数”或“原油ETF”不得不提前换月，这加剧了5月合约的抛售，与6月（或更远月份）合约的买入；\n3 由于WTI原油5月合约价格被锤爆，那些利用原油期货进行卖方保值的真实套期保值者，即将面临重大亏损。因而他们将被迫做空5月合约，来对冲自己的实物空仓仓位。这进一步加剧了价格的下跌。\n总之，此次原油期货价格暴跌，是恐慌情绪之下交易者出现踩踏的结果。而踩踏的诱因是此前OPEC+关于减产力度不及预期。\n据悉，OPEC+确认自2020年5月1日起进行为期两个月的首轮减产，减产额度为970万桶/日；自2020年7月起每日减产800万桶至12月；自2021年1月起每日减产600万桶至2022年4月。俄罗斯和沙特以1100万桶/日为基准，各自减少250万桶/日。而其它国家则以2018年10月产量为基准减产23%。美国、加拿大、巴西会共同承担370万桶/日的减产额度，而其它G20国家则每日减少130万桶。\n即便如此，在疫情冲击与全球经济衰退的预期下，这样的减产力度仍然会造成原油供大于求。油价下跌的势头目前暂难扭转。截止发稿时，WTI原油5月期货交投于11.39美元/桶，6月合约价格为22.84美元/桶。\n美国纽商所原油期货近月合约（5月）价格，数据来源：Wind\n美国纽商所原油期货次近月合约（6月）价格，数据来源：Wind\n此外，值得注意的是，此前一轮原油暴跌，为国际资本市场带来巨大的冲击，随后美股出现了持续半个月的惨烈下跌。今日美股反弹已经到达局部高点，而油价冲击又起，这是否会造成国际资本市场新一轮的下行呢？\n让我们静观其变吧。","news_type":1,"symbols_score_info":{}},"isVote":1,"tweetType":1,"viewCount":2165,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":926822017,"gmtCreate":1587054809339,"gmtModify":1705302936778,"author":{"id":"3520035050081687","authorId":"3520035050081687","name":"AGUSTA","avatar":"https://static.tigerbbs.com/9ef3e1fb3faf8494cdcae1e3948ba7fe","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3520035050081687","idStr":"3520035050081687"},"themes":[],"htmlText":"[财迷] [财迷] [财迷] ","listText":"[财迷] [财迷] [财迷] ","text":"[财迷] [财迷] [财迷]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/926822017","isVote":1,"tweetType":1,"viewCount":1797,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":926959270,"gmtCreate":1586963200690,"gmtModify":1705302565100,"author":{"id":"3520035050081687","authorId":"3520035050081687","name":"AGUSTA","avatar":"https://static.tigerbbs.com/9ef3e1fb3faf8494cdcae1e3948ba7fe","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3520035050081687","idStr":"3520035050081687"},"themes":[],"htmlText":"[开心] [开心] [开心] ","listText":"[开心] [开心] [开心] ","text":"[开心] [开心] [开心]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/926959270","repostId":"1161232314","repostType":2,"isVote":1,"tweetType":1,"viewCount":2218,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":967531476,"gmtCreate":1584629938995,"gmtModify":1705295462470,"author":{"id":"3520035050081687","authorId":"3520035050081687","name":"AGUSTA","avatar":"https://static.tigerbbs.com/9ef3e1fb3faf8494cdcae1e3948ba7fe","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3520035050081687","idStr":"3520035050081687"},"themes":[],"htmlText":"[微笑] [微笑] [微笑] ","listText":"[微笑] [微笑] [微笑] ","text":"[微笑] [微笑] [微笑]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/967531476","repostId":"1111770061","repostType":2,"isVote":1,"tweetType":1,"viewCount":1760,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":965518387,"gmtCreate":1584022201849,"gmtModify":1705292780144,"author":{"id":"3520035050081687","authorId":"3520035050081687","name":"AGUSTA","avatar":"https://static.tigerbbs.com/9ef3e1fb3faf8494cdcae1e3948ba7fe","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3520035050081687","idStr":"3520035050081687"},"themes":[],"htmlText":"[666] [666] [666] ","listText":"[666] [666] [666] ","text":"[666] [666] [666]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/965518387","repostId":"1108223444","repostType":2,"isVote":1,"tweetType":1,"viewCount":1739,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}