Why can the Southern Crude Oil Fund only sell but not buy? Will this happen when the fund reaches a low level?

Southern crude oil is now only allowed to be sold but not bought, because there are more than enough funds in the fund, and they don't have so much foreign exchange to buy. So it should be closed now, and it is useless in the early stage. After waiting for a period of time, it should be gradually opened up when there is a quota.

It started when the price of crude oil fell to a negative value last year. Many people want to bargain-hunting when they see that the price is particularly low, but the data shows that nearly 6% of them are losing money and can't make money. Do you think you can make money if you buy it now? How do you know it is the lowest price? Because last year, when the price dropped to half of the usual price, some people thought it was possible to bargain-hunting, but no one expected it to fall to a negative value, and then many people lost money. When it fell to a negative value, it gradually turned positive, affecting other funds, and the price fell, so many people rushed into the crude oil buying market.

Because buying crude oil involves foreign exchange, this fund company may not have such a high foreign exchange reserve, so how can you open a position? If you can't open a position, it's meaningless to absorb funds. Just like a new fund, it usually has a opening period of -3 months after absorbing funds, and its own position will be gradually established at this time, but of course it is the position related to crude oil that you buy crude oil, but it doesn't have so many.

This is not a problem that we can solve these two days. Many people have invested in this since last year. If the fund company itself has 2 billion foreign exchange reserves. But in fact, you may not have a quota here, because now there are 3 billion funds in the capital market to absorb funds, and it can't use foreign exchange to buy things again. The amount of funds it can absorb is limited, and now it has almost reached a full level, so it can only wait.