BOIL Reddit Mentions | ChartExchange

Nat Gas has broken out of a three year base-accumulation period and pattern that triggers upside potential to 7.50-8.00 derived from the technical setup. However, we all know that if there is an acute weather situation, i.e., a Polar Vortex, that Nat Gas could "go vertical" under the circumstances.
[Daily Nat Gas Chart](https://preview.redd.it/gsg7q1zhp75g1.png?width=1243&format=png&auto=webp&s=0cc6446b2fff1653c57605c6e0eedf771850acd6)

BOIL (Nat Gas Futures 2 x Levered ETF) has emerged from a multi-month base formation that triggered upside projections to 44-48 in a "normal" technical market. However, again, if an acutely frigid weather event emerges this winter, BOIL will point to 65-70, and possibly higher. Because this is an otherwise manipulated market, in the absence of a weather event, let's expect crazy two-way volatility in the interim. On weakness, key support resides from 34 down to 32. Below 32, the setup gets much less dependable.
[4-Hour BOIL Chart](https://i.redd.it/e5lgyu0mp75g1.gif)

CTRA (Coterra) is an energy company that primarily produces Nat Gas. Technically, all of the price action from the June 2022 High at 36.55 has the right look of a prolonged digestion period after the August 2019 to June 2022 bull phase from 13.16 to 36.55. A climb and close above 28.00 will indicate that CTRA is emerging from the massive sideways pattern into a new upleg and possibly a new bull phase that is precipitated by the demand for Nat Gas during a Polar Vortex type event (overlayed on rising demand from data center energy usage). As long as any forthcoming weakness is contained above 24.50, the technical setup will remain promising and bullish from an intermediate-term perspective.
[Daily CTRA Chart](https://i.redd.it/d7keg5hpp75g1.gif)