AMEX:BOIL   PROSHARES TRUST II ULTRA BLOOMBERG NAT GAS NEW(PST REV SPLT
Looking at NatGas, Im going long with BOIL. NAtGas is close to a double bottom here, %R is oversold, and the TSI is corssing and rising.
Comment: struggling at Support Resistance (purple arrows)

Comment: NatGas not moving higher as expected. Watch the support zone have stops just below. Could be a bear flag or giant H&S pattern playing out.
Comment: NatGas finally making the turn. Support held, and we are now moving higher. BOIL up 9%. TSI and %R look to be turning higher as well.
Comment: NatGas coming up against the resistance zone. Look for a push through Tomorrow.
Comment: Looking for a move to the 38.2% or 61.8% fibo.

Trade closed: stop reached: Stopped out, trade didn't work out.

Related Ideas

I'm on this with you from the start; BOIL at 10.01 on June 9. Rode it down but didn't stop out.

Also Picked up UGAZ at 15.05, stopped out, picked at 13.98 stopped out, picked at 12.49 stopped out, picked at 12.76 and that stuck. Natgas weather says hot weather through the US. I also have GASL as a trailing stock (watch the leaders, buy the trailers). I definitely watch UNG for signals. Natgas storage report 10:30am on Thursdays.

Thanks for the great picks.
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Thanks for sharing your knowledge.
Just one question..Why chart a leveraged etf instead of the spot price or futures like NG.?
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bhowe koastech
@koastech, I look at both. Like NatGas above
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