$BOIL - RC -
Added 2024-02-01 00:37:08 +0000 UTCNatural gas ETF here and has been in a downward wedge for the last 8 months, after losing its consolidating channel within the blue lines.
A break down from this wedge would be a catastrophe if it is not regained but a breakout would be quite bullish.
We can see that the 50 Day MA is aligning with the top wedge line now so this is a strong confluence level, a breakout here for the bulls would be a strong signal of a reversal, possibly back to the bottom blue line at $45.
