Bought 250 HOD.TO @ $11.11

Just shorted crude oil via the Horizons BetaPro Bear Plus ETF (HOD.TO). Purchase price is \$11.11 bought minutes after theweekly crude oil inventories release today. Crude (DBO) made a small run to test resistance at \$27.80 on the release. Figure 1 showing DBO's 27.80 and 25.15 resistance levels. \$25.15 on DBO is my stop loss level.

[caption id="" align="aligncenter" width="570" caption="Powershares DB Oil Fund (DBO)"][][][/caption] That is about \$10.50 for HOD.TO. However, I'll start to worry if price breaks below \$10.80. Figure 2 is an intraday chart of HOD.TO. Risk is (\$11.11 - \$10.50) * 250 shares = \$152.5 or 1.7% of account. I shorted crude instead of natural gas as I previous did because HND.TO is cracking its 200 day moving average around \$6.70. Whereas HOD.TO is looking strong.

[caption id="" align="aligncenter" width="570" caption="Horizons BetaPro Crude Oil Bear Plus (HOD.TO)"][]1[/caption]