Turning The Gas On


black and white gas stove

Image Source: Unsplash

Last year, when this long-term sinewave on natural gas was sky-high, I pointed out the opportunity to go short /NG. Well, this thing has been utterly clobbered, and it seems to me we’ve reached an important low. It sure didn’t take long.

(Click on image to enlarge)

The leveraged ETF symbol BOIL has become a popular way to play this, although just about everyone who has tried has been burned. Maybe we have finally hammered out a bottom.

(Click on image to enlarge)

More By This Author:

March Jobs Reaction
Tik Tok Tech
Let’s Say Good-BBBYe

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.