Notice the big fat bottom being put in now on the upper price section of the charts. This is unusual and encouraging, strongly suggesting a reversal to the upside is in progress.
Also note the MACD pair (I use PPO, same thing) on the lower sections, both fast and slow, are racing upwards to cross above the 0.0 line. Also very encouraging.
Also note this action on the $NatGas appears to be leading. BOIL is lagging behind, but following closely.
$NatGas is reality. BOIL tracks $NatGas.
I currently trade using the daily chart below. I currently use this chart and trading rules for all ETF's and equities I trade. I encourage you to save the link below and use it yourself for a while. Feel free to ask questions along the way.
The BUY signal on the daily chart is when BOTH the fast and slow PPO's cross above the 0.0 line. They don't always cross on the same day. The 'quick to get out' SELL signal is when the fast PPO rolls over (it will roll over first). The ''get out now' SELL signal is when the slow PPO rolls over.
IMO BOIL goes up from the current bottom being put in. The only question I have is when will it move up, and how high will it go. IMO this is a probable 2-3x in the coming months from the current levels. IMO much higher is possible. Trade using this daily chart, using the above trading rules, and sleep easy at night.
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