BOIL 3X / Triple Leveraged Natural Gas ETF
on the 4H chart is showing a round bottom reversal at the bottom of the high voume area
and rose over the POC line of the intermediate-term voume profile. Price now has room for
a 50% move to the top of the high volume area at $ 52. The chart shows the relative
volume indicator supports a long buy as does the dual time frame RSI.
A speculative call option trade would be $60 in 4 months while a safer call option
would be in the money @ $30 in 7-9 weeks. I am also looking at UNG, LNG and XNGUSD on
forex.
and rose over the POC line of the intermediate-term voume profile. Price now has room for
a 50% move to the top of the high volume area at $ 52. The chart shows the relative
volume indicator supports a long buy as does the dual time frame RSI.
A speculative call option trade would be $60 in 4 months while a safer call option
would be in the money @ $30 in 7-9 weeks. I am also looking at UNG, LNG and XNGUSD on
forex.
Trade active:
Stock price did 10% in 3 hrs today 11A-2P EST- it was a nice scalp of both the options
expiring 1/12 and the stock.
expiring 1/12 and the stock.
Trade closed: target reached:
Natural gas prices falling again the correction is over. All long positions are closed
and now short natural gas
www.naturalgasintel....spot-prices-sputter/
and now short natural gas
www.naturalgasintel....spot-prices-sputter/
Comment:
See this uploaded idea
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