Comments on: Analysis of stocks, bonds, Euro & US Dollar 3-9-20 https://rightsideofthechart.com/analysis-of-stocks-bonds-euro-us-dollar-3-9-20/ Stock Trading, Investing & Market Analysis Mon, 04 Oct 2021 18:47:19 +0000 hourly 1 https://wordpress.org/?v=6.9.4 By: rsotc https://rightsideofthechart.com/analysis-of-stocks-bonds-euro-us-dollar-3-9-20/#comment-10195 Tue, 10 Mar 2020 15:47:47 +0000 https://rightsideofthechart.com/?p=196290#comment-10195 In reply to Beljrc.

I’ve been watching the strong rally in /NG but from the sidelines (no position) as I haven’t had a strong read on the charts of nat gas recently. @dfogart made a comment below that makes sense as to why the strong rally in nat gas recently… more of a fundamental catalyst than a technical one, although /NG did recently put in a divergent low (RSI divergence) on this 60-min chart below.
Each of the marked levels overhead are potential targets/resistance levels with /NG trading at a ‘potential’ downtrend line right now. Should /NG pullback or consolidate here, that would give this TL a 3rd and confirm reaction to help validate that TL as a significant resistance level. Wish I could give you a more confident opinion as to where nat gas goes from here but I’m just not sure.

]]> By: dfogart https://rightsideofthechart.com/analysis-of-stocks-bonds-euro-us-dollar-3-9-20/#comment-10192 Tue, 10 Mar 2020 13:11:41 +0000 https://rightsideofthechart.com/?p=196290#comment-10192 In reply to Foreverlearning.

FWIW, nat gas and oil aren’t as positively correlated as you think. NG is a byproduct of oil fracking(often just flared off), when oil focused drillers stop drilling (i.e Permian), there’s less gas in the market.

]]> By: thumperton https://rightsideofthechart.com/analysis-of-stocks-bonds-euro-us-dollar-3-9-20/#comment-10191 Tue, 10 Mar 2020 06:54:57 +0000 https://rightsideofthechart.com/?p=196290#comment-10191 I bought puts on the vix at the high today, looking for a bounce in the market tomorrow. Futures are up on Trumps coronavirus briefing. Thanks for the price targets today Randy.

]]> By: Foreverlearning https://rightsideofthechart.com/analysis-of-stocks-bonds-euro-us-dollar-3-9-20/#comment-10188 Tue, 10 Mar 2020 01:45:13 +0000 https://rightsideofthechart.com/?p=196290#comment-10188 In reply to Beljrc.

UGAZ above $42.40 would be above trendline on hourly, BUT Oil down and GAS up doesn’t jive well. SMALL pos divergence on RSI hourly.

]]> By: tracyren98@hotmail.com https://rightsideofthechart.com/analysis-of-stocks-bonds-euro-us-dollar-3-9-20/#comment-10187 Tue, 10 Mar 2020 01:09:55 +0000 https://rightsideofthechart.com/?p=196290#comment-10187 Thanks for the corp bond analysis?Got out today. Been up nicely.

]]> By: shawnp https://rightsideofthechart.com/analysis-of-stocks-bonds-euro-us-dollar-3-9-20/#comment-10186 Mon, 09 Mar 2020 23:54:25 +0000 https://rightsideofthechart.com/?p=196290#comment-10186 Randy – Noticed that SPY vs the McClennan Oscillator – positive divergence forming as well

]]> By: Beljrc https://rightsideofthechart.com/analysis-of-stocks-bonds-euro-us-dollar-3-9-20/#comment-10185 Mon, 09 Mar 2020 22:27:11 +0000 https://rightsideofthechart.com/?p=196290#comment-10185 RSOTC – could you provide your thoughts on Nat Gas…..Big Green candle today.

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