BOIL: Natural Gas Is Poised To Light Up (Strong Buy)

Richard Williams profile picture
Richard Williams


  • Ngas prices are driven by Russia sanctions, US export capacity, and war.
  • We like the BOIL ETF as a leveraged bull play on Ngas.
  • Prices have fallen on supply chain migration away from Russia.
  • A renewed Russian offensive is likely to start before NATO heavy armor arrives, threatening essential supplies into Spring.

Oil storage spheres tank at night



Natural Gas Price Chart (

Macro Issues Cloud The Outlook

Natural Gas (Ngas Strong Buy - NYSEARCA:BOIL ETF Strong Buy) has had an epic run from Covid lows. From its $1.46 mcf bottom in June of 2020, Ngas has rallied 687% to its


Supply/Demand Weekly Chart (Source: Summit Analytic Partners Research)


Volume-Adjusted Price Weekly Chart (Source: Summit Analytic Partners Research)


Supply/Demand Daily Chart (Source: Summit Analytic Partners Research)


Volume-Adjusted Price Daily Chart (Source: Summit Analytic Partners Research)

This article was written by

Richard Williams profile picture
Richard Williams, CFA, CMT has been an enterprise software analyst for 17 years and has been a market technician since 1986. Rich has been selected as a top stock picker many times in bull and bear markets and compiled one of the best track records of any software analyst during his 17+ year tenure as an analyst; he was also named the top software analyst by Bloomberg in 2004.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.

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