BOIL is showing a cup and handle pattern at present
lending increased probability of a bullish continuation
that could yield a 50% price rise over the 45-day width of
the cup. Macro and fundamental factors support ongoing
natural gas price escalations including the supply issues
in Europe, the heat wave from climate change causing
and so on. The...
BOIL is the #X leveraged ETF for Natural Gas while KOLD is it inverse.
On this 30M chart I setup the ration between BOIL and KOLD.
This is to find precise swing entries without a lot of work for those only trading part time like myself.
At the highs, BOIL has peaked relative to KOLDAccordingly, this is the time to exit BOIL and enter a position
A little updates on Natural Gas for those who are following NG1! and UNG closely
Now we are seeing tons of Bearish pressure on Nat Gas on Weekly, Daily and Hourly TF.
Chart shows a possible Bearish Head and Shoulder pattern for NG1!
Also we are seeing tons of Bearish Divergence on RSI and PPO
WATCHING $BOIL for entry at 27.07
Watching Natgas on the pullback… If it retraces back to the entry… I will take a position, for a potential 58% upside to sell target 1…
Support is slightly under, and double target at 11.13
Let’s see what happens…
I am not your financial advisor, but I will happily answer questions and analyze to the best of my...
What is KOLD?
KOLD is 2x bear Natural Gas ETF that moves based on the price of Natural Gas futures.
Natural Gas futures shot up to insane levels this year, and we believe that natural gas prices will drop very quickly.
Natural gas futures usually rally 3-4 months before winter starts.
This is because energy providers across the world are trying to price in a...
First week of November has been the short past two years. Have been patiently watching this one and can see a H&S setting up. Major down TL on monthly ~6.5 otherwise large breakout
$UNG $BOIL $KOLD #NatGas #OOTT #Commodities #Trading
Ok... so I started a 3% position here 😬
Look... I've made so much trading NatGas and lost most of it... LOL... so follow me at your peril... LOL
BUT... I feel that this might be a great place to start a position.
I am not your financial advisor, but I will happily answer questions and analyze to the best of my ability but ultimately the risk is on...