Natural Gas Technical Analysis: Bullish Follow Thru for BOIL and UNG So Far

Natural gas analysis today on February 7, 2023 as natural gas prices string together 2 green days in a row 13 days. BOIL stock and UNG stock even managed to make a higher low and close as a bullish daily swing low. That is the potential start of something but there is a lot more work to do for BOIL stock and UNG stock.

Based on technical analysis of natural gas prices using price action our price forecast of $2 is getting closer and closer. BOIL stock will continue to make new all time lows and they may conduct a reverse split to prop up the price. The ProShares Ultra Bloomberg Natural Gas ETF is a very volatile product.

We use the Henry Hub natural gas futures which trade on the New York Mercantile Exchange. We also review ETFs like BOIL stock, UNG stock and KOLD as they are a common way retail investors gain exposure to natural gas prices.

Natural gas prices appear to be awaiting a catalyst like an update on when the Freeport LNG terminal in Texas may re-open. The facility has been closed since June and is responsible for more than 20% of US natural gas exports.

As the downtrend in natural gas prices continues it will be important to use technical analysis and other data driven methods to understand the likely path of natural gas prices. This is the benefit of using natural gas technical analysis to understand which natural gas price movements are more random and which are part of a more defined trend. These same concepts apply to BOIL stock and UNG stock as well as these are popular ways to get exposure to natural gas prices.

We review BOIL stock analysis and price targets, KOLD stock analysis and price targets and UNG stock analysis and price targets to determine the most profitable way to approach the trade opportunity here in natural gas trading. BOIL stock analysis includes key levels for next week. We also provide key levels for UNG stock.

We take a detailed look at BOIL stock price action, UNG stock price action and KOLD stock price action on the monthly natural gas chart, the weekly natural gas chart, the daily natural gas chart and the hourly natural gas chart! We show how to tactically examine a trade on BOIL stock or UNG stock and analyze how to set a stop loss based on market structure and price action. Very clear actionable signals and education so you an learn how to read price action and market structure especially for something volatile like BOIL stock.

We review price action basics as we detail swing highs on the daily and weekly chart and discuss the length of past cycles to give a gauge of what to expect for this current daily and weekly cycle

This is all based on the current price action and it will be a question of how strong a rebound there is from those lows. That will put pressure on the ETF stocks that track natural gas as they will make new lows as well so we look at a BOIL stock price forecast and UNG stock price forecast.

We use technical analysis to review BOIL stock price analysis and UNG stock analysis to see what levels they may reach as part of this decline.

We use technical analysis to determine a price forecast for BOIL stock which is usually used for trading purposes to get exposure to natural gas futures upside. We review the natural gas price chart on multiple time frames including the monthly natural gas price chart, the weekly natural gas price chart and the daily natural gas price chart.

Natural gas trading strategies can be built around cycles analysis especially when it's informed by price action making it a superior form of natural gas technical analysis. In this video we review the current cycle counts including the most relevant which is the daily cycle.

These insights apply for liquefied natural gas (LNG) which is the most common form of the commodity. This is also referred to as liquid natural gas. This commodity is used for heating and other applications.

Previous videos review the following energy stocks but we will include others in the future:

1) UNG stock analysis
2) BOIL stock analysis
3) KOLD stock analysis

We use technical analysis and price action to decipher how different cycles might play out on the daily, weekly and monthly chart into early 2023 as we approach the 3-year cycle low for natural gas prices

Natural gas technical analysis will keep you ahead of the trend and understanding what direction price is moving in.

Price action is reviewed on multiple time frames to best anticipate the current direction and identify reversals in real time.

Use a price action based cycles approach to mitigate risk and maximize returns. #naturalgaslivetrading #naturalgastrading #natgas

[swingtradingwithcycles]

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[FiatIsDead]

Harvested me a nice 6.5% gain on BOIL🔥. Thanks for the videos man!

[Swissalchemist]

Great analysis sand video, thanks! BOIL beat right back down but had a HL. Caught the bottom today. Open interest still increasing as well as long and short interest. Swinging and got my eye on NG1 🙏

[jet_lee]

Was playing the 10 DMA on the daily for key entry and exit points for BOIL and KOLD today. Got a nice pop on BOIL on technicals and sold on profit and went back to KOLD to collect more $$$ and sold that too today. 😊

[tomek]

Hi. Pro Shares Ultra Natural Gas is a 2x leverage play. If we did technical analysis on this and we will see bearish piercing or other move, did it means something?
After all, only US natural gas price is important...

[JM-wdep]

Glad you switched over to dark mode :)

[juanreese]

This positive price action is no more than a dead cat bounce. Fundamentals aren’t present to support a fundamental price rise. Europe is experiencing a mild winter, coupled with they took a preemptive move to by tapping off their LGN RESERVES.

[CircuitActive]

Bought UNG yesterday, looking for a least a short term move up

[furoraguitars]

We have 2.499 again. Let it fall :)
I made 50 4h candles EMA and it fell from this line a few times.

[silaskaiser]

Taking the macro economics into consideration, it seems likely that the downtrend will continue EVENTUALLY. Hard to say when it might breakdown. I’m playing both sides with a little heavier position on $kold.

As always–thank you, sir.

[gregslingerland]

Nothing like getting hit in the pocket.

[CBruceNL]

Hey gang, hope all my BOIL Makers are good today! That's... industry lingo right? 😂

Alright just wanted to share my thoughts in one place and yall seem thoughtful.

I got my first two positions in BOIL and UNG. I bought into them because of fairly sustained long term loses that seem to have pushed them below an average looking price.

I invested money I could lose, and will continue to put a small amount of my income towards my portfolio broadly.

I am in no rush to let go of the positions, and anticipate holding them for within a year before I see my desired returns.

I suppose I am hoping for 2x on both within a year. I'm not sure how unrealistic that is, but it seems not unreasonable. Heck, I put my money on it 😂

I'm wildly open to comments and suggestions bc I am a baby ty

[jeffdevc]

So basically it can go up or down. Very useful. Why talk at all