Q4 starts tomorrow.... Time for oil to shine bright amid what I expect to be a very weak 4th quarter for the USD.......Going short BTE IMO presents it's own challenges.....
Short my be ok for a daytrade but expect the SP will meet a great deal of resistance to the downside....Further appreciation in oil will move BTE quicker to the upside then the average oiler in the sector......Beaten down from $45 to $4 in 12 months is quite drastic IMO and a relief rally to the 50 DMA would not surprise me on oil move to $50-$55........