Is Andy Hall calling in every favor possible, and painting the tape to save his career?
[3]
... Or just an epic short squeeze ramp to the 50DMA at $49.36?
[4]
Another look at the ridiculous move which stands out in the entire commodity complex (courtesy of nanex [5]):
Credit markets do not appear to buying this as a long-term cashflow-sustaining move...
[6]
It appears no one is really buying this. Massive protection buying oil volatility markets suggest this is anything but sustainable...
[7]
As we noted previously:
Finally, let's not forget that today is month end for the person many expect will be oil's second casualty in one year - Andy Hall, who late in 2014 blew up once already, and should oil have continued its gravitational descent, would have been in line for a second hedge fund closure in under 12 months.
So is it just month end window dressing by all those underwater commodity managers? Why, of course.
Put another way: If Hall does not get all the help he needs to save his month, he will have to liquidate and send oil under $30. And then there is the ongoing issue that USO remains hard to borrow as always...
