BOIL is starting to get hot ( 3X Natural Gas ETF)
Updated
as shown on the 15 minute chart is rising in an ascending parallel channel and is suitable
for a long buy entry when the indicators are triggered. The onslaught of winter cold, the
sanctions against Russian gas exports and inflationary pressure on commodities all bode well
for the trend up for natural gas on forex and equities markets. See also my idea linked below
for a view of the chart from the 4H time frame.
for a long buy entry when the indicators are triggered. The onslaught of winter cold, the
sanctions against Russian gas exports and inflationary pressure on commodities all bode well
for the trend up for natural gas on forex and equities markets. See also my idea linked below
for a view of the chart from the 4H time frame.
Trade active
For a longer view on a 4H time frame go to :
Note
Stock price did 10% in 3 hrs today 11A-2P EST- it was a nice scalp of both the optionsexpiring 1/12 and the stock.
Trade active
I am now bearish bias on BOILsee this link
Note
BOIL had a nice squeeze pop today. Question is continuation verses fade. Could a classical short squeeze set up? What is the short interest?Note
Short Interest Volume Trade closed: target reached
Natural gas prices are now falling again the correction is over.oilprice.com/Energy/Natural-Gas/Natural-Gas-Price-Drop-Could-Spell-Doom-for-Producers.html
I have reversed my positions overall closing any long trades
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