For the 4th time since 2012 BOIL has hit the bottom of this descending channel. The fib extension landed perfectly on the 1 (3.31) and the stoch RSI (monthly) is showing oversold. A short-term move up to the first and/or second brown line has been the historical bounce, eventually making it to the third brown line before falling again. So lets see if it reacts the...
Thinking that the war in Ukraine would cause the price of natural gas to surge higher over the winter, many traders got stuck on the wrong side of a trade. Natural gas futures have plunged more than 90% over the winter.
In this video, I explain that regression analysis was warning that a significant price decline was imminent in late 2022, and I explain that it...
BOIL 2X Leverage Natural Gas ETF. Natural gas hit a 52 week low recently. Therefore, from a strictly risk : reward entry setup, this BOIL post is long from $10. Plus, pi RSI is near perfect long entry setup today & BOIL options data is very bullish now. Here's levels on the BOIL 16hr ext chart (1 day):
SMA200 = $66
VWMA 20 TTCATR(beta):
top = $35
R3 = $33
R2 =...
On the daily chart, BOIL price has never been lower and the relative volume has never
been higher in the past five years. Being mindful, this is leveraged it falls faster than an
the unleveraged counterpart of the same commodity ( UNG INL) However moves in the
opposite directions are also amplified. Horizontal red lines are drawn in consideration
of...
I lost 15k this over the past 5 previous sessions getting stopped out way over leveraging 50k shares of this damn thing.
You play you pay...
Then I turn it off and the bottom comes.
Too creepy to DCA this IMHO...
Should have bought it this am.
I was too beat up to try again.
I am getting really really interested in a long hold.
Just day trading BOIL right now.
But starting to think there's no beating what's coming...
Paying really close attention here...
About to commence!
BOIL looks like it wants $11...
INDEX's are boring me to death...
Too much chop...
I like this straight-line widowmaker volatility.
I am back on natty gas...
there is a bullish cypher showing two targets $21 and $42 area. notice that the stoch rsi and and AD both have double bottom on the weekly chart. this is very bullish
BOIL; The 3x Bullish proxy for Natural Gas is showing Bullish Divergence at a 1.618 Fibonacci Extension after confirming a Piercing Line on the Weekly Timeframe at said level.
If it plays out i think BOIL could come back up to fill some gaps, meet the moving averages, and see anywhere from a 200%-700% rise.
I do however think USOIL will see a decline and that...
Investing, investing,
Let's put our money to work!
Buying stocks and bonds and funds,
For our future we will perk!
BOIL, and natural gas in general spent what seems like forever capitulating. There was just too much supply but I expected demand will increase which would drive up the price of natural gas. Supply and demand are the main drivers of commodity prices...
BOIL is not in a decent buy zone having breached the 1.618 X and stretching into the lower trendline. I like it long for a bounce here. Follow NG futures for touch of 2 as well.
Falling Wedge. Falling Wedges can be bullish at the bottom.
Both trendlines slope down with the trend and narrow at the apex.
No recommendation.
Stop well under 5.55
Leveraged.
ProShares Trust II - ProShares Ultra Bloomberg Natural Gas is an exchange traded fund launched by ProShare Capital Management LLC. The fund is co-managed by ProFund Advisors LLC and...
Hi traders.
Look my previous idea about natural gas. We were disciplined and did not try to cath a falling knife.
But now we believ the time is right for a trade. Cycles short term and long term point out a low this week
for a good entry.
We have a stoploss at 7.30 and target of 29-30 range. Trading symbol BOIL.
Hopefully our patience last few weeks will be...
The fund seeks to meet its investment objective by investing normally in Natural Gas futures contracts. It may also invest in swaps if the market for a specific futures contract experiences emergencies (e.g., natural disaster, terrorist attack, or an act of God) or disruptions (e.g., a trading halt or a flash crash) or in situations where the Sponsor deems it...
