BOIL beginning a round bottom reversal LONG

11 Sep 2022BOIL

BOIL 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.