When they came out with the 150-200 target, oil blew past 120.
And after yesterdays 6 dollar intraday selloff, they come out with at 141 target for the second half of the year and oil rallies to new highs again.
The pattern is pretty clear, they are telling the market what their profit target on their monster long oil position is and the market is pushing up prices to hit their profit target.
I just love how they push up prices overnight while everyone is sound asleep.
And after yesterdays 6 dollar intraday selloff, they come out with at 141 target for the second half of the year and oil rallies to new highs again.
The pattern is pretty clear, they are telling the market what their profit target on their monster long oil position is and the market is pushing up prices to hit their profit target.
I just love how they push up prices overnight while everyone is sound asleep.
