These 2x leveraged oil and gas ETFs have been really volatile lately. On one hand, UCO fell nearly 2%, while the short ETF SCO went in the opposite direction and rose over 2%. Over in natural gas, BOIL is up again. Combined, it's like riding a rollercoaster.
Recently, the news flow for crude oil and natural gas has been too chaotic, swinging back and forth, chasing price levels. For those of you playing with leverage, always remember your survival line. Don't get knocked out by a big green or red candle overnight 🙏
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