Commodities Essential - November 18, 2011

Alert: crude and silver fall sharply. 


Let’s adjust our stop-losses to break-even entry…


 


Crude and silver have broken sharply lower this week. I expect the weakness to continue but want to take the opportunity to reduce our open risk by adjusting our stop-loss to BREAKEVEN on ZSL (PowerShares Silver Double Short ETN)  and DTO (PowerShares Crude Oil Double Short ETN)


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Trade Essentials.


ZSL (Last Price: $12.90)


CANCEL AND REPLACE your order to SELL ALL your shares of PowerShares Silver Double Short ETN, symbol ZSL, at $10.50, STOP. NEW PRICE: $11.59, STOP; this order is good till cancelled. 


DTO (Last Price: $43.29)


CANCEL AND REPLACE your order to SELL ALL your shares of PowerShares Crude Oil Double Short ETN, symbol DTO, at $34.74, STOP. NEW PRICE: $38.95, STOP; this order is good till cancelled.