Pboo that’s not quite correct is it ! They might have had 104 tanker loads but that was raw fluids, un separated oil ! So what’s the actual oil figure that has been produced?
We seem to be under attack from those frequent small sells when we start to see any small rise. Low volume still enables those 2 traders to move the SP where they want. Cant wait for that to change
I think this is more than just the shorts closing, I think the big guns have been nudged regarding the Zama field. I think its bigger than currently estimated. Somethings going on that we don't yet know about that's for sure.
Total Short positions must be around 9% currently.
For us longs that’s a great position to be in, oil cuts taking affect now, slowly slowly catch the monkey!
How long can they hold on ?