We can ask why not more etc though that doesn't detract from the main pt they are long, and even more so now. And since Jan they're position has only been growing. ie. they didnt just buy in at the bottom. They're in at 1.30, high 90s, mid 60s, high 40s, and high teens. So, undoubtedly they are committed to this position.
I don't have MQG research call on this but earlier in the year it was still around 1.40-1.50c.
