Resistance

Ultra

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>NYSEARCA: BOIL ETF surged approximately 2.16% in the August 11 trading session.&nbsp;</a> </li> 
 <li> <span>2</span> <a>BOIL ETF price rose more than 18% in a week and 27% in a quarter.</a> </li> 
 <li> <span>3</span> <a>ProShares Ultra Bloomberg Natural Gas ETF lost 40% of its trading price in the past six months; YTD drop is 76.32%.&nbsp;</a> </li> 
</ul> 
<p>NYSEARCA: BOIL ETF surged approximately 2.16% on the August 11 trading session at $68.21, lowering to $68, it hit a high of $71.90 and closed at $71.77 with an intraday trading volume of 3.604 Million.</p> 
<p>BOIL ETF price rose more than 18% in a week and 27% in a quarter; however these are short term changes; ProShares Ultra Bloomberg Natural Gas ETF lost 40% of its trading price in the past six months and slipped 76.32% YTD.</p> 
<p>In the 52-weeks time frame, BOIL ETF’s highest trading price was $2460, and its lowest traded at $45.60. ProShares Ultra Bloomberg Natural Gas ETF’s average trading volume is 4.589 Million.</p> 
<h2 class="wp-block-heading" id="strong-news-strong"><strong>News</strong></h2> 
<p>The current holdings of the BOIL ETF, which consists of futures positions and total return swaps, struck with investment giants such as Citigroup and Goldman Sachs.</p> 
<p><a href="https://www.thecoinrepublic.com/2023/08/12/sec-delayed-decision-on-ark-invests-bitcoin-etf-request/" target="_blank" rel="noopener noreferrer nofollow">Exchange-traded funds</a> (ETFs) are similar to ETFs, but instead of “shares,” investors buy and sell “units.” These “units” can be traded back and forth like ETFs but can also be created or destroyed to accommodate investor demand.</p> 
<h2 class="wp-block-heading" id="strong-nysearca-boil-etf-price-analysis-strong"><strong>NYSEARCA: BOIL ETF Price Analysis&nbsp;</strong></h2> 
<p>After analyzing the technical aspects of the ProShares Ultra Bloomberg Natural Gas ETF, it is noted that there are more possibilities that its price might surge in the August 14 trading session. BOIL opened 0.84% higher than its last closing price in the pre-market trading session.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter is-resized"> 
  <img decoding="async" src="https://lh3.googleusercontent.com/lcqIE62XjcyrhA-rmX9EGTAHEhqZIF3wn8SpR3m3OqSShYTzUiBb56uE4eZKgG-qSn6VFDHA5NHy006YMvk2nwBmlgZur02AyamIc4AgxEZCSRk8QTncE8WuuZv-u3qwWWZ6FK-cKJcsFSYAVfpdHA" alt="BOIL Stock Shows Strength Amid Increasing Natural Gas Demand" style="width: 100%;height:616px" width="1208" height="616"> 
  <figcaption class="wp-element-caption">
    Source: BOIL ETF price chart from TradingView&nbsp; 
  </figcaption> 
 </figure> 
</div> 
<p>If there isn’t enough selling pressure in Monday’s trading session, then the BOIL ETF might face immediate resistance of $77.26 and the next possible resistance of $95.21.</p> 
<p>If buyers fail to sustain their position, the price might fall and meet the initial support of $67.92 and the next possible support of $62. At press time, BOIL ETF was trading below the 100-day and 200-day exponential moving averages (EMAs).&nbsp;</p> 
<h4 class="wp-block-heading"><strong>Conclusion&nbsp;</strong></h4> 
<p>The recent surge in <a href="https://www.thecoinrepublic.com/2023/08/12/sec-delayed-decision-on-ark-invests-bitcoin-etf-request/" rel="noopener noreferrer nofollow">BOIL ETF</a> price does not seem like an interim surge, and there are possibilities that the upper movement will continue and the price will register a fresh price by the end of the ongoing week. At press time, BOIL ETF were trading below the 100-day and 200-day EMAs</p> 
<h4 class="wp-block-heading"><strong>Technical Levels&nbsp;&nbsp;</strong></h4> 
<ul> 
 <li><strong>Support Levels: </strong>$67.92 and $62</li> 
</ul> 
<ul> 
 <li><strong>Resistance Levels: </strong>$77.26 and $95.21</li> 
</ul> 
<h5 class="wp-block-heading"><strong>Disclaimer&nbsp;</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.</p>

BOIL Stock Shows Strength Amid Increasing Natural Gas Demand

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Thecoinrepublic.com

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