2008-09-23

Short squeeze on the octobre futures contract for Crude

I was shocked when I got back home and saw this chart on my computer, I thought something was wrong.
It appears that the CLV8 contract for crude oil has been subject to a short squeeze on the last trading day.
It also shows that if oil has decline so much, it is likely the result of huge short contracts.
And the CFTC wants us to believe that the 'speculator' is keeping oil price high.
And the SEC tries to make us believe that the same 'speculator' is pushing stock prices down, which has been proven false, given the market drop even after the shorting bad. BAD SPECULATOR! (what a joke from the regulators...).

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