re: BOIL has become predictable

Generally KOLD should go down. KOLD wouldn't be my choice. It's a ETN. It is leveraged. It is really designed for short term plays. Mostly to be in and out of in one day.

Having said this, some guys on here seem to have done ok playing the etfs and etns that are designed for day trading by holding longer as the natural gas market has been unusual as of late. Most of these products suffer from contango, but given futures prices are higher in later months, recently the backwardation has helped them. They need to constantly roll their contracts prior to contract settlement.

If you look at the futures chain as of last night, contango is clearly back in play.