2024-07-09 23:19:08 ET
Summary
- The ProShares Ultra Bloomberg Natural Gas ETF provides 200% exposure to near-month natural gas futures.
- Positive seasonality for natural gas prices recently ended as speculation for summer cooling demand has concluded.
- Looking forward, traders will need to be patient and wait to bet on winter cooling demand around August/September.
Trading natural gas is not or the faint of heart; there's a reason trading natural gas is often called a 'widow-maker' trade. However, natural gas prices are also quite predictable in some ways as it is mostly based on supply/demand factors and human behavior. In April, I advised investors that seasonality was favorable for trading short-term natural gas products like the ProShares Ultra Bloomberg Natural Gas ETF ( BOIL ) into June....
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BOIL: Wait To Play Winter Cooling Demand