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AwesomeAvani
Jan 4, 2024 11:02 PM

BOIL 3X / Triple Leveraged Natural Gas ETF 

ProShares Ultra Bloomberg Natural GasArca

Description

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.

Comment

See also
]

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.

Trade closed: target reached

Natural gas prices falling again the correction is over. All long positions are closed
and now short natural gas

naturalgasintel.com/as-storage-surplus-swells-natural-gas-futures-fall-and-spot-prices-sputter/

Comment

See this uploaded idea

Comments
AwesomeAvani
Since Feb 14 I flipped to bullish for now and short interest volume is rising- this is starting to look like a short squeeze.
AwesomeAvani
I am now bearish on BOIL, the uptrend correction has been over with for over a month. see this link
AwesomeAvani
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.
AwesomeAvani
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