BNO is an ETF representing Brent crude oil. This is the type of crude oil produced in Libya. With a resolution of civil war in Libya, BNO is likely to come down.
We are staring a 5% tranche right here at $71.73. Our plan is to short more if BNO goes higher. Due to high volatility, we will not temporarily put a stop and will rely on keeping the quantity small as a measure of risk control.
We are also short selling BZ futures at $109.
Please note we are not shorting USO.
Updates are available on these positions in real-time on the Real Time Feed of the ZYX Short Sell Change Alert.
zyx change method http://thearorareport.com/sub http://www.google.com/finance?q=slgn Updates are available on this position in real-time on the Real Time Feed of the ZYX Buy Change Alert.
