As a triple leveraged ETF BOIL is highly volatility and typically has a good range
even if the overall price changes only a small amount from one day to the next.
While these overnight day trades are typically conducted on the 3 or 5 minute time
frame, here a 15- minute chart is shown. Because BOIL is tracking natural gas
futures and the futures markets are...
On shown on the 15 minute chart with a VWAP band/line setup anchored to the July 1st
pivot high. BOIL is in a VWAP breakout since bottoming mid-day July 17th. Confirming
the reversal are the Price Volume Trend Oscillator printing a green histogram and an
upgoing signal line as well as the zero-lag MACD with upgoing parallel lines crossing
the...
BOIL has had a busy month with the resurgence of natural gas prices and the reverse
split six trading days ago. I analyze it as having further upside. On the 30-minute chart
I have added two anchored VWAPs to the left on separate pivot points. This serves
to make out dynamic support and resistance. Price has crossed over the mean VWAP zone
which is between...
NG is having a tough time as of late.
KOLD is it's opposite (bearish NG) Boil is bullish NG.
Both are leveraged.
Triangles are neutral until broken.
No recommendation.
BOIL the 3x Leveraged ETF of natural gas futures has been highly volatile. Volatility yields high
profits if there are good entries and trade management. This past Friday BOIL was doing a
reverse split ( 20 shares become one) which I considered to be an opportunity for high profit
because a higher number of traders would have eyes on the chart.
The 15-minute...
Here on a dialy chart I have plotted the ratio of BOIL share price to that of KOLD, its leveraged
inverse. They both react to and reflect natural gas prices which are currently rising. I have also
plotted the supply demand indicator from Luxalgo and a better RSI indicator. As can be seen
on the chart the ratio ascended from relative weakness last fall into a...
BOIL had trended down from a high about May 19 until June 2nd when it reversed and gained
for one week before resuming its trend down. This can be seen on the half hour chart. The
The attached RS indicator shows the decreasing strength trending down from 65 to 40 over the
past few trading days. Upon drawing trendline support and resistance. I note that a...
BOIL on the 2H chart has bottomed and begun the reversal as this leveraged natural gas fund
sees a red to green in the HA candles as well as the volume. Price has crossedover the POC line
of the long-term volume profile and exploded from a Doji candle below the mean anchored
VWAP with consecutive engulfing bullish candles.
The Luxalgo AI predictive indicator...
Weekly Long Position on AMEX:BOIL
A new major low was observed in this market on May 30th
The security of interest is $NYMEX:NG1!. Using a leveraged product AMEX:BOIL to gain exposure to a potential short-term movement, as a continuation of a long-term trend. See below the chart of $NYMEX:NG1!.
Commodities, equities, and other assets priced in US...
Natural gas has been basing for a few months now in what has become a very recognizable Wyckoff accumulation pattern. Complete with high volume on the start to low volume towards the end. Breakouts occur on LOW VOLUME in accumulation phases so don't look for volume to give a clue. Just like the AMEX:SPY and NASDAQ:QQQ markets did at the October bottoms. ...
BOIL on the 15-minute chart is currently in an upward facing megaphone pattern. I have drawn
in the upper and lower trendlines which are a form of static support and resistance. The
megaphone pattern is one of increasing volatility between buyers and sellers and indecision
It is the opposite of consolidation in a narrow channel. The anchored VWAP
shows...
Natural Gas prices have finally reversed on the FOREX markets
after significant downtrends from a historical high.
BOIL on the hourly chart has reversed a two-week downtrend
and today has an increasing volume. Ir bounced off the lower
Fibonacci levels and is looking to revert to the mean. Price
was undervalued below the green fair value zone at the...
Who says you can't chart 3X leverage?
Got a nice down channel here and about to hit the bottom of the channel.
4.20 at the end of next week would be a nice price.
That would be over a 96% drop from the top. Interestingly, the previous peaks in Nov 2018 and Feb 2014 dropped just over 96% before touching the channel bottom.
Could overshoot below since it...
Still a bit tentatively but visibly, ProShares Bloomberg Natural Gas (aka BOIL) is starting to boil up, quite in accordance with our expectations. As the first part of a three-part counter movement, the ETF should climb further upwards to finish wave a in magenta, before wave b in magenta should return it to its current level. From there, BOIL should rise into the...
Indicator divergence under moving average. Good signal
Short AMEX:KOLD to around 40USD or Long AMEX:BOIL for a small profit. When two opposite markets show opposite signals. It is a good one
Boil has followed some interesting arc patterns over the past decade? It seems to be becoming more extreme as it starts to breach the bottom line. It is certainly at a point to pay attention to.
