Updated

ProShares Bloomberg Nat Gas ETF (Boil) ... Near term Reversal ??

Not often you get two harmonic indicators flashing (Bullish Butterflies) ... one on the share price and one on the RSI. (A confluence has to work worked the past.)

Certainly worth watching... for a reversal in the area marked.

Shorts may consider covering....

I'll chirp in if this reversal becomes more certain.

For now I'm interested but neutral

DYOD. Not Investment advice.

S.

Note

Getting closer in the reversal zone... no action yet..

Ideally, I would like to see the $37 area

Note

Not even a heart beat on this one...

Got my $37 and then some..

I'll let someone buy it first.. plenty of upside if a reversal...

Need indicators to turn up...

Picking bottoms gets sticky fingers

Note

nothing yet... there is virtue in waiting for the signals,,,,

Note

Nothing yet.. one green candle on the daily but no real sign of reversal.. a hold above $37 should confirm it... still watching.

Note

Nothing yet...

Note

Still nothing yet. Down almost 10% today ..... one has to stick to their guns and wait until a signal is given !!

Note

Nothing (still). Not a candle guy but long-legged Doji is a bit encouraging.
NatGas is holding at the critical support... below that $1.90.

Note

Update.. I think if we can close above yesterdays high $31.45 then there is a good chance of a reversal

Note

Well I learned a lesson here... I never did enter as I waited for my indicators to turn.
So nothing ventured nothing gained...

Order cancelled

Thread closed

Steve666

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Steve666