BOILBOIL a triple leveraged ETF based on natural gas as a commodity and its futures
on the 15-minute chart has begun a round bottom reversal into an uptrend. The AO / Candle indicator
confirms this as does the curve of the accumulation /distribution indicator. Fundamentally, natural gas price
is rising especially with the DXY dollar value in a mild correction. Winter heating season is upcoming and the energy
crisis in Europe accelerating with Russia shutting down ( for now only ?) its remaining active pipeline.
Right now long BOIL looks to be an excellent setup.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.