I'm not saying it was that exact spread. Historically per his interviews, he has been long 3 to 5 years on the curve and short the front end. He is VERY active in all the 12 month strips and the Z7Z8 strip was particularly volatile after the Nov OPEC meeting. In the last 2 months that strip rallied 2 1/2 dollars (flattening) alone. The point is the situation is not as simple as you like to portray. If you were long some part of the yield curve would it be fair to say you just stay long rates? And to be clear, Andy was short oil in 2008 from the top and short oil in 2013. And his track record goes back some 40 years at Phibro. Should he have retired a few years ago? In hindsight, sure. You can say that about a lot of people.
That depends on what you're looking at and what is defined as a "range", but let's not worry about little details like that. No one ever said it's tested the lower range yet, you've got to love people who assume everything and know nothing.
Spoken like a true ETer. And by that I mean an FX billionaire who makes 600% returns using MACD. LOL.
https://elitetrader.com/et/threads/...ven-the-god-of-oil-trading-has-fallen.311862/ "What has changed in the oil market? Even the God of oil trading has fallen."