NatGas LONG Position (BOIL)
Whooph has closed his Natural Gas LONG position in BOIL for now. BOIL had crossed the Moving Average triggering the 2nd half of Whooph’s LONG position in NatGas.
Today on Price-Indicator Disagreement in the 15-Minute Chart (Lower RSI highs on Higher Price highs), Whooph locked in 7% on the long trade. A temporary exit from this LONG bias in NatGas.
Heating during the Winter Season often presents LONG opportunities in the commodity.
Whooph expects to reopen a LONG in BOIL at a later date at the end of a pull-back or Wave 2 in the current 3-Wave Correction to the extended downtrend. Wave 2 may be gauged using Stochastic in a short-term (Hourly) Chart, pull-back of Stochastic to 25 ish.
