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BOIL

The Hard Boiled BOIL Bulls could catch a breakWho 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 overshot out at the top. Also could bounce early like that small bounce in Dec 2015, before tanking lower and tapping the channel. Lots of breakout potential in the RSI. Feeling like there's going to be some crazy times ahead... if things aren't crazy enough.
AMEX:BOILLong
by Lynxys
79
BOIL: Boiling up and down 🥘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 yellow zone between $7.11 and $19.05 to complete wave c in magenta as well as wave (4) in yellow, whose high should then initiate the overarching downwards trend’s final step: wave (II) in white.
AMEX:BOIL
by MarketIntel
8
NATURALGAS Long Natural gas is packed in a tight falling wedge pattern. It is at historic support too, going back to August of 2019. Another point worth mentioning is that the price of natural gas defended this support on February 22nd of this year and produced a >40% rally, peaking on March 3rd. Virtually every timescale from the minutes to the weekly show positive divergences and oversold readings. The targets for this trade are the gaps above, marked in purple. Use UNG or BOIL (x2) for this trade.
NLong
by BigMouse777
3
Natural gas - bottom is not in yetIf you see the majority of traders saying that the bottom for natural gas is in, then you should be sure that it isn't. I predict that natural gas will take out these equal lows at 1.91 and we will see 1.784 soon. The uptrend will start when no one will be talking about it. Unfortunately, the majority of traders are in long positions and due to market liquidity, these traders need to be taken out before the market makers and institutions will buy it up again.
N
by SeleCTCapital
XNGUSD ready to reverse recent downtrend LONGOn the daily chart here XNGUSD had a head and shoulders or double top last summer and fall and has now trended down to support. I see this as a prime place to take a long position. The decline of the overvalued USD contributes to this idea as does the persistent demand in Europe for compressed / liquid NG and the ongoing war there that could eventually grind into WWIII. ETFs such as BOIL , UNG and UNL may be a good way to make this trade if not in the forex market.
FXOPEN:XNGUSDLong
by AwesomeAvani
Natural Gas crash?Natural gas has crashed when comparing it to the DBC commodity ETF. If a recession takes hold, demand destruction always prevails and it looks like Nat gas is pricing this in. This price action could be a leading indicator that many other commodities may be vulnerable to a pullback. Since Natural Gas is one of the smaller components of this ETF, it can see a large influx of capital that has to stay long by rotating out of other overbought commodities. Natural gas has broken out before the DBC and it has bottomed before the DBC. Nat Gas has the largest divergence from its peers.
CAPITALCOM:NATURALGASLong
by Trading-Capital
1
Natural Gas: Commodity DivergencesThe correlation between DBC (orange line) and Nat Gas is strong. However, Nat Gas gas does have price history where it diverges, leads & lags the average DBC price action. The white arrows on the screen display the periods where Nat Gas And DBC (in orange) diverge. Some of the divergences have lead to steep pops & drops of mean reversion. What were seeing now is a massive divergence of about -33%, Nat gas has crashed and is the number one underperforming commodity in this basket. Nat gas has retraced back to the Pre Covid low levels. Looking at the DBC ETF its about 33% off the Pre Covid Lows. Over history the correlation usually tightens up and it has a long way to go to close the gap divergence. This presents one of 3 scenarios.. 1. Other commodities in the basket collapse 2. Natural Gas Rallies 3. Both options (Our Base Case)
NLong
by Trading-Capital
Natural Gas? More Like Natural Go. 4-Handle Coming.Over the course of 48 trading days between the Dec. 13 high and the Feb. 3 low, natural gas has lost 69 percent of its value. Let's put that into perspective. Just imagine if, over the next 2 months: Gold went from $1,874 to $590 WTI crude went from $79.72 to $24.17 Bitcoin futures went from $21,775 to $6,750 The SPX went from 4099.75 to 1,270 That's the kind of thing that just happened to natural gas, and naturally, it makes people wonder if they can get long, but they're also scared to get long. And it's fair to be scared. NG's MMs are the biggest maniacs in any commodity or equity and a fall from $2.50 to $1.25 isn't "just a dollar" anymore, it's 50%, which kind of matters when you're levered long on 2-3x ETFs or just trying to trade big lot COMEX. Regardless, I believe the time is right to go long. I don't believe the time is right to go long for $18. But I do believe that the time is right to bag the better part of an impending - and sharp - 50-75% move. Eyes on China I have to urge readers that you simply must be cautious with any long position at present, for the Wuhan Pneumonia situation in Mainland China is extremely dangerous. Whatever you choose to believe when it comes to the Chinese Communist Party, I won't give you a hard time. If you want to believe the establishment narrative that Xi Jinping's hysterical Zero COVID weld-people-in-apartment-buildings social credit scheme actually made the virus not kill anyone to the degree that the Mainland, despite being the world's (formerly) most populous country and ground zero of the epidemic has suffered tens or hundreds of times less deaths and cases than the west , okay, you do you. But when you see Zero-COVID fall, the Party says there were suddenly tens of thousands of new deaths and millions of new cases, and then since Jan. 10, the John Hopkins University tracker has reported ***0.00*** new cases, every single red alarm bell in your whole body should be ringing. In our lifetimes, we will see the Chinese Communist Party fall. It will probably take Xi Jinping down with it, but it might not. And ultimately all the crimes against humanity the Party has committed, especially the 23-year persecution of Falun Gong and the unprecedented live organ harvesting of its practitioners (and Uyghur Muslims) will become the only thing in the world that matters. Markets will actually gap down those days and won't come back. Wall Street won't be risk-on, at all, anymore. And thus, the algos won't be market making anymore. The Call Last year, I had two extremely successful calls on Natural Gas: Published in October: Natural Gas / NG - Act II: A Number That Starts With "2" I don't think anyone believed that at the time. And in September, I had called when the market had finally turned from bear to bull: Natural Gas / NG - It's Officially a Bear. Now, Hold My Beer Now, it's nice to have had some success, but please remember: 1. Broken clocks are still right twice a day 2. Past performance is not indicative of future performance Now, for where we're currently at, there are some key factors: Natural gas went down in a straight line for 33 trading sessions (thanks, Freemasons!) The first trading day of the year was a gap dump A brief sweep of the $10 psyop figure was _not_ the medium or long-term top. 2020 already had months of 1-handle NG hasn't taken the December '20 monthly pivot at $2.2 and has started to show signs of reversal We're getting close to summer, which is going to be HOT again because the planet's climate is trashed (just not from that CO2 propaganda nonsense. Earth is just an old man on life support, for real.) Natural gas is this thing that produces most of the world's electricity, in a world that's using ever more electricity all the time And so what I would ultimately like to point out is the ONLY thing you need to know as a trader: A bounce from Friday's session close back to the gap set on the first trading day of the year amounts to a 75% gain. Now let's say that the MMs aren't going to squeeze shorts that badly or reward bulls, even temporarily. Either way, the algorithm is for sure going to rebalance this extreme of a drop, and even if it were to rebalance 50%, you're still looking at a 35% gain. I believe that for certain NG is about to bounce. It's just that either: a) The bottom isn't yet in b) The bottom is in after a 90% retrace to the $2.35 bottoms (this should occur when Nasdaq goes ham as Wall Street "Big Shorts" tech to retail and Cathie Woods) Nasdaq NQ QQQ - Reality Will Be a Tough Pill for Permabears $3.6 - $3.8 is the conservative upside target $4.2 - $5.0 is the maniac upside target Either way, I don't believe it's going to V-Bottom and run $18 and feed inflationary pressures, since equities need to go up before they go down, and CPI printing big gains will really get in the way of the narrative being woven by Citadel's PR firms. I think this spike should come fast and strong and the retrace won't be that bad, but will be consolidate-y. July of 2023 and straight through the middle of 2024, if humanity makes it functionally that long, is going to be very inflationary and very chaotic. The status quo, the old normalcy, is long gone, and never coming back. Mankind is walking towards both the end, and its future. Be careful. You choose your path with your heart and your conduct.
NYMEX:NG1!Long
by LordWrymouth
27
Natural Gas and the Dangers of Swing Trading Leveraged ETFsThinking 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 is now suggesting that a bounce in natural gas prices may soon occur. This video also explains the pitfalls that many novice traders experience when trying to swing trading leveraged ETFs that employ derivatives and which undergo volatility drag over time. Here is the link to the risk-reward / win-ratio spreadsheet that is referenced in the video. docs.google.com Shared with permission from @HeWhoMustNotBeNamed Note for stats nerds: The log-linear regression channel indicator does not give negative numbers for the Pearson correlation coefficient (r). The indicator gives the absolute value of the Pearson correlation coefficient |r|. So if the correlation is strongly negative or strongly positive, it will appear near 1 in both cases. Important Disclaimer Nothing in this post should be considered financial advice. Trading and investing always involve risks and one should carefully review all such risks before making a trade or investment decision. Do not buy or sell any security based on anything in this post. Please consult with a financial advisor before making any financial decisions. This post is for educational purposes only.
AMEX:BOIL
by SpyMasterTrades
54