Investing, investing,
Let's put our money to work!
Buying stocks and bonds and funds,
For our future we will perk!
BOIL, and natural gas in general spent what seems like forever capitulating. There was just too much supply but I expected demand will increase which would drive up the price of natural gas. Supply and demand are the main drivers of commodity prices as they determine the amount of a commodity available and the level of desire for it. When supply is low or demand is high, prices tend to rise, while excess supply or low demand can lead to price drops.
When news broke this morning, the price dropped 20% and we landed -20%+ at EOD Monday. If you look at the daily wave master (not pictured), you will see that there is significant chance that this little trooper will drop more. What is more important is that the move looked like it finished after a 60%+ move from the lows backon Frbruary 21st. Now, we wait. Lets see if BOIL and Natural Gas make new lows or if we'll find some support. Need patience on this one.
Let's put our money to work!
Buying stocks and bonds and funds,
For our future we will perk!
BOIL, and natural gas in general spent what seems like forever capitulating. There was just too much supply but I expected demand will increase which would drive up the price of natural gas. Supply and demand are the main drivers of commodity prices as they determine the amount of a commodity available and the level of desire for it. When supply is low or demand is high, prices tend to rise, while excess supply or low demand can lead to price drops.
When news broke this morning, the price dropped 20% and we landed -20%+ at EOD Monday. If you look at the daily wave master (not pictured), you will see that there is significant chance that this little trooper will drop more. What is more important is that the move looked like it finished after a 60%+ move from the lows backon Frbruary 21st. Now, we wait. Lets see if BOIL and Natural Gas make new lows or if we'll find some support. Need patience on this one.
CE - BitDoctor
Access our private indicators and join our Premium Room: bitdoctor.org
Beware of scams - I'll never DM you asking for funds.
Access our private indicators and join our Premium Room: bitdoctor.org
Beware of scams - I'll never DM you asking for funds.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
CE - BitDoctor
Access our private indicators and join our Premium Room: bitdoctor.org
Beware of scams - I'll never DM you asking for funds.
Access our private indicators and join our Premium Room: bitdoctor.org
Beware of scams - I'll never DM you asking for funds.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.