# BOIL Natural Gas ETF: More Upside Than Downside Expected Ahead

> An analysis of the ProShares Ultra Bloomberg Natural Gas ETF (BOIL) says the fund fell 33.8% to $8.87 per share amid high storage and record production. The author has reversed to a bullish view, expecting the market to be oversold and futures to edge higher by early January. Hedge fund positioning improved over the week.

- Date: 2019-12-23 · published 2019-12-23T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/7846-boil-natural-gas-etf-more-upside-than-downside-expected-ahead
- Commodities: [Natural Gas](https://feedsoft.ai/c/NATGAS.md)

## Why it matters

Ample supply and warm near-term weather keep natural gas prices subdued, while a possible cold snap later in the season could lift them. The view centers on a price rebound from depressed levels rather than a new supply shock.

## Read by commodity

- NATGAS: neutral

## Sources

- etftrends.com: https://www.etftrends.com/boil-natural-gas-etf-more-upside-than-downside-expected-ahead/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.