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Short Oil and Gas Prices With DUG

by Sam Collins 08/18/09

UltraShort Oil & Gas ProShares (DUG) -- This ETF seeks daily investment results that correspond to twice the inverse of the daily performance of the Dow Jones U.S. Oil & Gas Index.

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This inverse ETF has given multiple buy signals, indicating lower prices for oil and gas.

The double-top breakout is supported by higher volume and a stochastic buy signal, and should result in a target of $22 to $23.

This leveraged ETF is not eligible for loan value in a margin account, and the position should be protected with a stop-loss.

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