time for nat gas BOIL bounce?

looks promising, i'll buy breakout > 3.7 for swing
(not a reco)

 

I know a few people who have been watching for that same move. We might be on the verge.

 

Boil moving well intraday.

 

worthless

 

You're welcome

 

you are welcome as well

 

I'm hoping BOIL will get some volatility and labor pains and get some serious bullishness. It can't go down more than it can go up. Of course the volume says everybody else is thinking the same thing.

 

I was listening to some experts (mainly Mark Fischer) on Nat Gas they said it could still fall to $1.50 but that it would eventually recover in 2024-2025 based on LNG demand in Europe, obviously.

 

I figure that selling KOLD May 19 32 puts is a safe bet.
Going out to sell August 18 KOLD puts, I'd have to go to 9 to get a safe bet but it doesn't pay good enough.
So, there's potential for a natural gas rally this summer.

KOLD was last 32 on 1/9. BOIL was at 13-14.
KOLD was 9.06 on 8/23. BOIL was at 101-123.

 

BOIL on radar today