How do I short Oil price ticker USO using ETF (Not Oil Company, using DIG and DUG) ?

Do you see an oil price fall? Where is the new bottom?How do I short Oil price ticker USO using ETF (Not Oil Company, using DIG and DUG) ?
Gutsy bet in this market but I am with you on the short side, just think it may be a bit too early. DIG or DUG will work nicely as shorts. I would suggest you stagger your position and dont buy it all at once. Add to your pos over at least 3 trades so you can stay in the trade if oil continues to go up trying to shake out weak shorts.How do I short Oil price ticker USO using ETF (Not Oil Company, using DIG and DUG) ?
I just watched CNN’s international Channel(3pm EST), breaking the news that oil price spikes again. But the anchor and the reporter assert it is China’s diesel demand contributed to the hike.





Waited a sec ! It is already THIRD time I am hearing CNN’s assertion of China’s diesel demand. The first time was about two weeks ago. What’s going on?





Then, Israel’s-Iran-attack-drill news flashing back-------Which Was Just Happened This Morning ! That “unmistakable signal” is surely an act to have a consequence of oil supply disruption ! Why is it not reported as a oil spiking cause ? !





Time to scapegoat China again before a major offensive ? To verify, I went to CNN web site , there it is :





China hikes fuel prices http://money.cnn.com/2008/06/20/news/int…





China to raise energy prices


http://money.cnn.com/2008/06/19/news/int…





But nowhere saying that Israel’s-Iran-attack-drill will unstablize the oil supply region, causing the oil price up.





For Israelis Iran Strike Drill see


http://www.jpost.com/servlet/Satellite?c…
You can buy either DIG OR DUG which would be shorting US Oil, BUT you can not short USO





You would probablyu get a bigger play from DIG, just be careful and be nimble





good luck