$BOIL #NG Buy the dip
I've been bullish and trading natural gas (BOIL EQT RRC) for a while now and recently sold on the last pump to 2.6
I'm reloading now, as I'm looking at a few things technically I like
-Price appears to have found support on a flattening 20DMA , and will next watch to see if we start trending up
- The low in May was higher than April , and almost forming a rounded base if we can sustain higher than May's low , it will be a good sign
- Strong support at 2 putting in a triple bottom now - even if we go lower, in the longer term as long as we stay above 2 , your entry of say 2.15 won't really matter when we're at 5 !
- EQT and RRC are both flagging and keeping their gains so far, looking for more upside , which of course depends on NG but is providing bullish confluence .
I'm reloading now, as I'm looking at a few things technically I like
-Price appears to have found support on a flattening 20DMA , and will next watch to see if we start trending up
- The low in May was higher than April , and almost forming a rounded base if we can sustain higher than May's low , it will be a good sign
- Strong support at 2 putting in a triple bottom now - even if we go lower, in the longer term as long as we stay above 2 , your entry of say 2.15 won't really matter when we're at 5 !
- EQT and RRC are both flagging and keeping their gains so far, looking for more upside , which of course depends on NG but is providing bullish confluence .
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