Oil prices have been falling, which should make for an easy trade - but be careful.
At first glance, it seems like a good time to sell currencies from oil exporting countries - but be careful. Rebecca Patterson, chief markets strategist for J.P. Morgan Asset Management, Institutional , says oil prices are rapidly approaching a minimum level that oil producers have a motive to stay above.
"I think you could see oil down more in the very short term," she told CNBC's Melissa Lee. "But don't forget the oil producers here. When it comes to oil, this isn't just about economics and demand, it's also politics." Patterson notes that Kuwait has said it sees fair value for Brent crude at around $100 a barrel - above current levels.