this thing ever going to go lower? With all this storage builds?
Oh_If_Only
⋅
@5898928, Perhaps not with a 360k position net long held by the hedge funds
5898928
⋅
@Oh_If_Only, so, never down? Why will they close long?
Oh_If_Only
⋅
@5898928,
Managed Money (Hedge Funds) tend to be longer term players, not traders.
They will hold their positions until there is a change in the market.
The price range sub $50 is the unusual market. It is now returning back to mean.
... just my opinion