This post was just published on ZYX Short Sell Change Alert.
Short selling oil through ETF USO in a 15% tranche of the full core positon size right here around $9.54. Maximum recommended position size is 35%. The short zone is $9.45 to $9.88. Stop zone is $10.11 to $10.23. Target zone is $8.20 to $9.21. We will plan on tightening the target zone as the trade progresses. We may also tighten the stop zone. For the reason, please see the Morning Capsule.
This is a short-term trade.
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