ProShares Ultra DJ-UBS Natural Gas (2x) (BOIL)

[tw0122]

BOIL $35.20 $36.10-$36.30 resistance breaks that then $38.08- $39.17 comes into play
maybe runs today and Tuesday some more but then warmer weather comes in January 22 so KOLD becomes a play again forward looking.

However, reaching record gas usage on Martin Luther King Day, January 15, could be atypical as numerous businesses and government offices will be closed. Meanwhile, US utilities pulled 140 billion cubic feet of gas from storage last week, surpassing market expectations of a 119 bcf decline. Despite the bullish trend, gas in storage currently exceeds the seasonal average by 11.6%, with meteorologists predicting warmer temperatures for Jan. 22-26 in the US.