boil is strong bullish boil bullish scenario
boil is good
but i expect to retest key price ( near $65 ) may or not happen
base on fib
Key stats
About ProShares Ultra Bloomberg Natural Gas
Home page
Inception date
Oct 4, 2011
Structure
Commodities Pool
Dividend treatment
Distributes
Distribution tax treatment
No distributions
Income tax type
60/40
Max ST capital gains rate
27.84%
Max LT capital gains rate
27.84%
Primary advisor
ProShare Advisors LLC
Distributor
SEI Investments Distribution Co.
BOIL is a leveraged ETF, and like all geared products, is intended to be held only short periods, its not appropriate for buy-and-hold investors. BOIL provides 2x the return of a futures-based natural gas index on a daily basis. Daily compounding of returns can lead to the fund's returns varying significantly from the 2x exposure to the index over longer holding periods. Index returns reflect both the price changes on its futures contracts as well as any gain or loss from rolling those futures contracts. BOIL is a tactical tool, so trading costs and volume matter.
Classification
What's in the fund
Exposure type
Cash
Bonds, Cash & Other100.00%
Cash100.00%
Top 10 holdings
BOIL from $8.86 to $10MODs have suggested that I provide more detail about the picks I make.
Sorry. I'm not as verbose as y'all, and I don't like things to be complicated.
My trading plan is very simple.
I buy or sell at top & bottom of parallel channels.
I confirm when price hits Fibonacci levels.
Bonus if a TTM Sq
Bloomberg Natural Gas (BOIL)Asset Class: Indices
Income Type: Daily
Symbol: BOIL
Trade Type: Long
Trends:
Short Term: Up
Long Term: UP
Trade idea:
-Price rejection from a major Daily demand zone, forming an upward channel.
-Waited for a demand zone to form on a lower time frame (30m) .
-TP set at the SZs with a 7:1
BOIL breaking Resistance is $12.83 nextHere's a quick analysis of the BOIL (ProShares Ultra Bloomberg Natural Gas) chart:
1. **Current Price Movement**: BOIL has shown some volatility, with recent fluctuations indicating a potential consolidation phase.
2. **Support and Resistance Levels**:
- **Support**: The immediate support level
Swing Trading Strategies Part 1: Trend ContinuationIn this two-part series, we’ll explore straightforward yet effective swing trading strategies. Part 1 focuses on a classic trend continuation strategy designed to capitalise on established market trends.
Understanding the Trend Continuation Strategy
The trend continuation strategy is built on t
BOIL in strong downtrendBOIL is in a strong downtrend.
The daily chart has hit a new low
But the 1-hour chart has now become "extended"
Remember there are 5 waves in an average trend. Once the trend becomes extended, the price likes to break above the 50 SMA to "recalculate" and continue or "recalculate" and reverse.
BOIL trends up continuation expected LONGBOIL is here on a 30 minute chart. It has reversed this week and ascended 13% with a double
bottom at 13 and 13.25 forming a resing support trendline. Volumes changed from selling
to buying. Price bounced off the ATR- stop loss in its pullback and now appears poised to
break through the moving
BOIL is about to make a big move this springThis stock is deeply oversold on the daily, weekly and monthly charts.
As you can see, it's about to squeeze out of this long downtrend.
We all know BOIL is not a long-term hold because of its futures rolling decay; but this year it could be a huge winner with Natural Gas near it's all-time lows
BOIL: Set for a Potential Bullish Reversal at Bullish Shark PCZNatural Gas on an intra-week basis seems to be in a position to Bullishly Reverse as it sits at the PCZ of a potential Bullish Shark with slight Bullish Divergence near the previous month's low. My target will be anywhere between $16 and $20 though it could always go higher.
BOIL- Premarket Long Trade Scalp RecapsBOIL is here on the 15- minute chart with a set of Bollinger Bands, a Bollinger Band Oscillator by
LuxAlgo as well as a dual-time frame RSI indicator by Chris Moody. The settings for the Bollinger
Band set up are period 49 EMA 14 standard deviations 2 /2.618 ( These are multiples of 7 and
Fib #
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.