An overview of a short trade I engaged in using OILD back in April and May, capturing a portion of OILD's 110% increase alongside USOIL's 25% decrease. In addition I talk about the long-term perspective of US Crude Oil.
Entry: 17.50 pullback & 19.15 breakout Stop Loss: 16.90 Exit: ~21.85. ~24.60 if you think USOIL will hit $59