Last year, when this long-term sinewave on natural gas was sky-high, I pointed out the opportunity to go short /NG. Well, this thing has been utterly clobbered, and it seems to me we’ve reached an important low. It sure didn’t take long.
The leveraged ETF symbol BOIL has become a popular way to play this, although just about everyone who has tried has been burned. Maybe we have finally hammered out a bottom.
