bearish cypher pattern shorting to 5.29 areaI see a bearish cypher pattern forming and im looking to short to C leg which I have around the .236 fib level
BOIL trade ideas
BOIL Buy pointBOIL 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.
Bottom FishingFalling 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 ProShare Advisors LLC. The fund invests in the commodity markets. It takes long positions and uses derivatives to invest in natural gas sector. It uses derivatives such as futures to create its portfolio. The fund seeks to track 2x the daily performance of the Bloomberg Natural Gas Subindex. ProShares Trust II - ProShares Ultra Bloomberg Natural Gas was formed on October 4, 2011 and is domiciled in the United States.
The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the performance of the Bloomberg Natural Gas SubindexSM for a single day. 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 impractical or inadvisable to buy or sell futures contracts (such as during periods of market volatility or illiquidity). Benchmark: Bloomberg Sub Natural Gas TR USD
Natural gas long setupHi 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 rewarded.
I dont trade often, since i am only waiting and being patience, so the entrys are medium to long term.
And once we are inn we wait again for the profitt target to get hit. Being a good trader is having alot of patience,
and never chasing price, never trade if your emotions are out of whack, we need zen state.
BOIL setting up for nice bounceBreaking local trend resistance and bouncing from rsi support, push to 7.28-10.28 is possible short-mid term
goodluck, boost and follow for more!
BOIL | It's Finally Time! | LONGThe 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 impractical or inadvisable to buy or sell futures contracts (such as during periods of market volatility or illiquidity).
BOILMight be bottomed here, mothly stoch rsi shows weakness. Would say DCA down to $5 to catch this monster move.
BOILAMEX:BOIL
Lot of gaps to fill up to.
Levels marked on the chart 10.5-11
on the breakout, extreme upside can be towards 1-Lets see if the cold really doesnt bother it anymore :)
Long Position Taken BOILToday starting a swing position 50/50 split of stock and call options BOIL C 03FEB23 9.5
BOIL long hereGas etn getting smoked over the last couple months and I think its reversal time. ABC correction just completed and I think we begin the move back up. Long target is $42.84. Options markets saw opening orders on $8c expiring tomorrow and $7c 6/16/2023. Both of these orders are openings orders with short sale restrictions. I think its bull time
BOIL BULL NenStar 300% potentialBOIL has entered a bullish NenStar harmonic pattern.
Phoenix and Stochastic VX3 indicators in highly oversold range.
Trade to pt1 is 7.7 Risk/Reward ratio, with 300% potential.
Playing for a bounce in natural gas prices.The decline in natural gas prices looks overdone to me. We've had a warmer than average winter across much of the globe pushing prices down, but I think prices look ripe for a bounce. Using the ProShares Ultra Bloomberg Natural Gas ETF, BOIL I'm going long here. BOIL does issue a K1 so I'm buying call options to avoid having to deal with the K1 at tax time. Going long the March $13 strike for a price of $3.10.
BOIL long from 12 multi targetsI bought BOIL at 12 and will sell 45% at 15, 40% at 18, the remaining 15% at 24. Natural gas charts are clearly screaming for a bounce and fundamentals are still strong as a big natural gas chunks are burned everyday by Russia and therefore taken out of the market, Russia is building infrastructure to deliver the gas to China but that will take years to build. Note: This is not financial advice, consult your financial advisor.
neutral --bi-weekly candles Hi, weekly candles are good and monthly candles are also good but would like to see bi-weekly candles as a choice for price as that is longer than a week and shorter than a month as that would print 26 bi weekly candles on a chart equal to one year. where a weekly chart prints 52 candles and a monthly chart prints 12 candles.
Thxs Mike
BOIL short term bounceTesting $20 support. May experience a short term bounce in the near future owing to Europe/Russia stand-off.
BOIL Analysis and PredictionGreat long term entry area for the next 90 days. Possible lower low before retracing up.
$BOIL WeeklyFalling wedge, Daily Bullish hammer with continuation inverted hammer, weekly bullish hammer needing continuation with higher lows. Monthly looks like an inverted Head and shoulders with a back test of neckline. Watching for this to hold or nulify's
RSI creating bullish divergence at 42.62 on monthly
Williams %D in over sold territory at 14.14 but has gone lower <---
18.62 as low target if break down for gap fill on daily.
Possible BOIL Cup and Handle in formation ENERGY PLAY LONGBOIL could be setting up a long continuation trade
Now working on the handle. MACD shows the lines crossed
while under the histogram is very often an excellent sign.
Time will tell- My preferred trade will be call options
expiring in late January or February.
( This is a triple-leveraged natural gas play with
the upcoming winter heating season expected to be
expensive especially in Europe. The inverse is KOLD
which would be a good put option right now.)
AMEX:BOIL
Ascending TriangleAlmost a rectangle but slightly higher lows noted.
Possible stop below 31 if long.
Possible stop above 42.90 if short.
Neutral until broken.
No recommendation/Prior head and shoulders .
Leveraged.
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Long boilI don’t know anything about natural gas but I took a small position on this because technicals look so good.
Crazy accumulation, high volume at support, 200 day about to cross 200 week, price structure like back in prior runs
RectangleBouncing in a rectangle.
Bound by trendlines.
Lots of room.
No recommendation but always on my mind (o:"
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 ProShare Advisors LLC. The fund invests in the commodity markets. It takes long positions and uses derivatives to invest in natural gas sector. It uses derivatives such as futures to create its portfolio. The fund seeks to track 2x the daily performance of the Bloomberg Natural Gas Subindex. ProShares Trust II - ProShares Ultra Bloomberg Natural Gas was formed on October 4, 2011 and is domiciled in the United States.
The investment seeks daily investment results, before fees and expenses, that correspond to two times (2x) the performance of the Bloomberg Natural Gas SubindexSM for a single day. 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 impractical or inadvisable to buy or sell futures contracts (such as during periods of market volatility or illiquidity). Benchmark: Bloomberg Sub Natural Gas TR USD
