You want another chance to short oil from the peak?

[scriabinop23]

Short the AUD and CAD.


Take a look at the speculative (hedge fund) open interests on the short USD trade. 8:1 Makes oil look like child's play. Everyone and their mother is short the USD tommorow.

http://www.cftc.gov/dea/options/deacmelof.htm

 

[pma]

Wow-great post! Huge little guy long interest vs. short commercial like ive never seen before. 8:1-freakin' yikes~

 

[Sniemiec]

Very interesting.

So what effect would the CAD and AUD going down have on Oil?