With that theme in mind, I shorted oil buy buying the ultra inverse oil ETF DUG by buying 800 shares at 12.09 with a stop at 11.75.
Friday, January 22, 2010
Shorting Oil - DUG
Oil is certainly weak in this current environment, as are all commodities. This is the chart of the energy ETF XLE. I love the double top here, and it could be a very nice short.
With that theme in mind, I shorted oil buy buying the ultra inverse oil ETF DUG by buying 800 shares at 12.09 with a stop at 11.75.
With that theme in mind, I shorted oil buy buying the ultra inverse oil ETF DUG by buying 800 shares at 12.09 with a stop at 11.75.
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