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$BOIL #NG Buy the dipI've been bullish and trading natural gas (BOIL EQT RRC) for a while now and recently sold on the last pump to 2.6 I'm reloading now, as I'm looking at a few things technically I like -Price appears to have found support on a flattening 20DMA , and will next watch to see if we start trending up - The low in May was higher than April , and almost forming a rounded base if we can sustain higher than May's low , it will be a good sign - Strong support at 2 putting in a triple bottom now - even if we go lower, in the longer term as long as we stay above 2 , your entry of say 2.15 won't really matter when we're at 5 ! - EQT and RRC are both flagging and keeping their gains so far, looking for more upside , which of course depends on NG but is providing bullish confluence .
NYMEX:NG1!Long
by FriscoTrades
1
KOLD drops with Natural Gas RisesOn the daily chart KOLD has been testing resistance since February with a single touch in February , a head and shoulders in April and a double top in early May. It is now retracing due to the rise in natural gas prices in the past 10 days. A support line from a prior retracement in early March is drawn at 41.45. This analysis is further supported by the zero-lag MACD oscillator. I will take a trade of put options but short selling is another alternative. Once in the trade, a signal to close will be the red zone outside the bands as was the case in late February. The actual sell signal being the thick MACD black line inflecting from moving downward to upward. KOLD could drop 80% from the present price down to the POC line of the volume profile at about $ 12.50. If leveraged with put options this could represent a 5X profit or better. Any sustained rebound in natural gas prices will lend heavy support to this idea. IF a trader wants to capture smaller moves albeit at the risk of getting into a chop zone, a smaller time fram such as 30-120 minutes could be used.
AMEX:KOLDShort
by AwesomeAvani
1
Will WTI follow Natty into the basement? Is WTI going to suffer the same fate as Natural Gas ? Endearingly referred to as Natty ? Well the good ship Natty got REKT last week. The long side which was overcrowded, overleveraged caught the "to da moon" bagholders off guard . Stunned whilst spitting out the kool aid they were seen gasping for air when the dead cat bounce rocked the boat ., Natty was batterred and was last seen heading into shallow water dangerously close to the rocks . Choppy water ahead alert the marine units. The setup on CL very same chart right before the dump so spread out grab your umbrellas !!! The trade : Let price action have the final say on your entry get the best price you can very important! Patience pays when shorting! Monday may get some purchasing for the week early on so shorts may get pinched a bit before any ride either way. Wednesday the EIA inventory numbers are relesed at 10:30 EST. OPEC meeting also this week I believe so expect volatility. Sell 83.60 & higher use stops longer time frames target 59.50 might be best move of the year if it goes. Record or near record inventory build over the last month so stay tuned! Not a trade recommendation or a reccomendation to buy or sell securites of any kind.
TVC:USOILShort
by Journeyman124
2
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 UPDATE LONGTERMOn 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 pivots on the 4H. Price was nearly $600 in 2019. Can you think of a fundamental reason why price cannot rise from the present price to something closer to that of 2019. To go from $4 to $600 is 150X in otherwords 15000%. Is there anything wrong with my math or the chart?
AMEX:BOILLong
by AwesomeAvani
4
Natural Gas Full Bear Control. Short term 15m EMA 12 Guide- NG UNG is on a downtrend in every time frame, bears are in full control. - Bulls would hope we hold the 52 week low - need an hourly trend change back to the bulls for we to potentially get a 4h and daily bounce going and shape up an Equilibrium pattern. - short term intra-day 15m 12 EMA is our guide for full bear control. - I definitely wouldn't be shorting all the way down here but also there's no signs for me to be interested long as well atm unless bulls can start to shape up some hourly trend change.
AMEX:UNG
by ArcadiaTrading