Tanon GS needed to close their shorts, just like the call on...

Tanon
GS needed to close their shorts, just like the call on gold going to 800 followed by a massive sale order at a technical important level. Just like their call on oil going to 200 before it crashed. Just like the call the Dow was going to 20000 before the dot com crash
They are the Mafia of the financial world , pure and simple.

This is why it's great to be contrarian , especially if it's taking the opposite position to their extreme calls

If oil does rally strongly , it will benefit BPT immensely as they have weak hedging . I do think though people should keep an eye on the AUD oil price as that is what will drive profitability and margins as the USD may have Peaked