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BOIL - Natural Gas: Volatility Increases After A Strong Rally
ProShares Ultra Bloomberg Natural Gas
Investment Thesis
Given that the past couple of trading sessions have rallied strongly in response to a hotter weather outlook over the next couple of weeks, investors need to be careful getting too aggressive given that we still have to figure out how hot it's going to get and whether or not the major natural gas consumption regions get in on some bona fide heat. So far so good, but look for upside potential to be limited until some key details get ironed out.
EIA reported another bearish storage report on Wednesday with an inventory