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BOIL trade ideas

BOIL hit the boiling point FridayInvesting, investing, Let's put our money to work! Buying stocks and bonds and funds, For our future we will perk! BOIL, and natural gas in general spent what seems like forever capitulating. There was just too much supply but I expected demand will increase which would drive up the price of natural gas. Supply and demand are the main drivers of commodity prices as they determine the amount of a commodity available and the level of desire for it. When supply is low or demand is high, prices tend to rise, while excess supply or low demand can lead to price drops. When news broke this morning, the price dropped 20% and we landed -20%+ at EOD Monday. If you look at the daily wave master (not pictured), you will see that there is significant chance that this little trooper will drop more. What is more important is that the move looked like it finished after a 60%+ move from the lows backon Frbruary 21st. Now, we wait. Lets see if BOIL and Natural Gas make new lows or if we'll find some support. Need patience on this one.
AMEX:BOIL
by bitdoctor
7
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
AMEX:BOIL
by lauralea
5
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.
AMEX:BOIL
by TradingIsNotGambling
61
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).
AMEX:BOILLong
by DivergenceSeeker
4
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
AMEX:BOILLong
by AwesomeAvani
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. This Commodity-related product may carry a high level of risk and is not suitable for all investors. Commodity-related products may be extremely volatile, illiquid and can be significantly affected by underlying commodity prices. Investments in commodity-related products may subject the fund to significantly greater volatility than investments in traditional securities and involve substantial risks, including risk of loss of a significant portion of their principal value. Learn more. (DO848) 2. Leveraged and inverse Exchange Traded Products (ETPs), inclusive of ETFs and ETNs, are not generally intended for long term investing. Learn more about Leveraged and Inverse ETPs, as they usually carry higher maintenance requirements.
AMEX:BOIL
by lauralea