🔴 Natural Gas ETF (BOIL) is trading 2.18% down as December futures fall

BOIL is trading at $17.07, down 2.18%, as weakness in December natural-gas futures appears to weigh.

• On October 28, the expiring November contract rose, while December futures fell about 2%.
• BOIL targets 2x the daily performance of a natural-gas futures index, so its exposure can differ from the expiring front-month contract.
• Broadly mild-weather forecasts and limited heating demand temper the outlook; stronger LNG flows and short-term demand forecasts offered some support to November gas.