There is a giant wall of short positions held by the smart-money “commercial” traders in crude oil futures, and it is going to lead oil prices to come crashing down. Each week, the CFTC reports on the numbers of long and short positions held by futures traders. They are broken down into 3 separate groups: Commercials – Those engaged in the business related to that commodity. They are the big money, and thus presumably the smart money. Think Cargill for grains, or Goldman Sachs for financial futures. Non-Commercials – Large speculators. Think hedge funds. Non-Reportables – Those whose positions are too small in number ... (full story)