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ProShares Ultra Bloomberg Natural Gas (BOIL)

NYSEArca - Nasdaq Real Time Price. Currency in USD
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25.13+0.42 (+1.70%)
At close: 3:59PM EDT

25.11 -0.02 (-0.08%)
After hours: 4:06PM EDT

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  • a
    abyssus abyssum invocat
    Considering that the 50ma is at $2.82, the usual 50 cent trading range has yet to be created, so there is a chance that the Hedge Fund algos will push the price to the stockcharts monthly R2 at $3.30.

    Then retest to the 50ma.

    Least reason to be $kold..ever!!!
  • a
    abyssus abyssum invocat
    The spike got above the $3.045 R1 and is a new high, so now see if that leads to a fast rally to a more extreme high, or is just the last push to the top prior to a retest.

    Supply/Demand is a bit tight right now, and it doesn't look like the shoulder season is going to change that, so heading to the mentioned targets by June seems reasonable enough, unless a person is infected with contrarianism.
  • a
    abyssus abyssum invocat
    Retesting the $2.98 14ma, winding up for the ride to the top.

    Stockcharts monthly R1 is $3.14 so there is that to consider.

    Least reason to be $kold..ever!!!
  • a
    abyssus abyssum invocat
    Clearly NG has reached a permanent plateau of rising prices.

    You know, like 2018, when it rallied relentlessly to $4.93.

    Least reason to be $kold..ever!!!
  • a
    abyssus abyssum invocat
    Amidst all the noise about hyperinflation, the jobs reality shows how hard it is to get people back to work, especially when the schools aren't available for daycare.

    A lot of the inflation pressure is more about lost production and distribution, due to the insane policy of shutting down the country. That labor force disruption makes the recovery go much slower than expected from here onward, imo.

    There might be some sheeple who are making a bit more by not working but the longer they are out of work the harder it will be to get a job, and they know it.

    As with everything else, partisan politics is layering propaganda onto this but anyone who doesn't want to get wiped out better see the facts and understand what they really mean. The big economic gains are virtually done and before most expect it, growth goes back to sub 2% and deflation comes roaring back.

    Stagflation is the best case scenario. 1929 on steroids is the worst case scenario, and if it happens it will be due to the Fed's reckless attempt to prevent the credit bubble from imploding by making it larger.
  • a
    abyssus abyssum invocat
    Seems like a good time to recall the Hedge Fund algos like to say, 'ha ha'.

    Least reason to be $kold..ever!!!
  • a
    abyssus abyssum invocat
    The Pacific just got it's first named Tropical Storm, so it is a matter of time before they start rolling into the Gulf as well.

    Least reason to be $kold..ever!!!
  • a
    abyssus abyssum invocat
    The rollover to the Sept contract should enable the push to the low $3s, then if this is like 2018, on to $5 by November.

    Least reason to be $kold..ever!!!
  • M
    Maria
    Not sure what is going on, but all of my posts keep disappearing from the board. Can anyone see this?

    For the record, +41BCF is my guess for the report.
  • T
    Thomas
    suday afternoon July futures are 1.4% up at 3$. wth? those are polar vortex prices..
  • a
    abyssus abyssum invocat
    +71 I Am So Disappointed!!!
  • a
    abyssus abyssum invocat
    Welcome to the $kold recovery group.

    Please use Jimmy to show us the special place where Kold touched you.
  • a
    abyssus abyssum invocat
    After 1.5 months of rally, the contrarian sheeple still mulling over the $kold trade.
  • a
    abyssus abyssum invocat
    The key to trading NG is the ability to stick the landing.

    NG is easy if you measure up. No reason to be $kold.
  • a
    abyssus abyssum invocat
    Looks like pet coins and commodities are joining the Spring cleaning.

    Could be some deep discounting there and everywhere else, as the Everything Bubble moves away from such historic levels of excess.

    Of course, that should improve various services, as Robinhodlr's are wiped out and have to go back to work like normal low-skilled human beings.

    May be that the big inflation trade just hit a top along with everything else, if growth now falls back down to the sub-2% range, so I'm looking as much at high growth as I am at commodities.

    Of course, if the Fed fails to Make Stagflation Great Again, then the credit bubble likely implodes and it is then time for the Great Reset.

    Generational Collapse occurs.
  • m
    michael
    Maybe, yes, just mabe this has turned around?
  • m
    michael
    Time for nat goes to go to $3.00 than drop.
  • m
    michael
    Added to KOLD AGAIN today. Bag is getting incredibly heavy. Starting to think that I am looking at a posible loss soon. Summer is comming and Nat gas will go up. Sold off two of my oil position to rase cash. Copper has been my best performer ytd. The problem is, that commodies may be in a "supper cycle" and Nat gas is a commodity. With that said,

    It's time to go buy some rum for the mothers day weekend.

    HAPPY MOTHERS day to all you mothers out there and especially to Thomas.
    GLTA
  • a
    abyssus abyssum invocat
    Number Of Seniors Tapping Social Security Plummets As "Excess Deaths" Spike During Pandemic

    Sweet..more for me!
  • m
    michael
    There is that gap to fill so expecting some red today or tomorrow but I spending more time fighting high winds than palying the market. GLTA see you soon.