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	Comments on: Charts I&#8217;m Watching Today	</title>
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	<description>Stock Trading, Investing &#38; Market Analysis</description>
	<lastBuildDate>Mon, 20 Sep 2021 15:32:29 +0000</lastBuildDate>
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		<title>
		By: wilhud		</title>
		<link>https://rightsideofthechart.com/charts-im-watching-today-42/#comment-8747</link>

		<dc:creator><![CDATA[wilhud]]></dc:creator>
		<pubDate>Thu, 21 Nov 2019 16:13:35 +0000</pubDate>
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					<description><![CDATA[Would be great to have an update on Coffee please Randy. Big move today after yesterdays retest of the breakout.]]></description>
			<content:encoded><![CDATA[<p>Would be great to have an update on Coffee please Randy. Big move today after yesterdays retest of the breakout.</p>
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		<title>
		By: johnv		</title>
		<link>https://rightsideofthechart.com/charts-im-watching-today-42/#comment-8746</link>

		<dc:creator><![CDATA[johnv]]></dc:creator>
		<pubDate>Thu, 21 Nov 2019 16:01:13 +0000</pubDate>
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					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/charts-im-watching-today-42/#comment-8744&quot;&gt;rsotc&lt;/a&gt;.

lol hourly close exactly on your line]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/charts-im-watching-today-42/#comment-8744">rsotc</a>.</p>
<p>lol hourly close exactly on your line</p>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/charts-im-watching-today-42/#comment-8745</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Thu, 21 Nov 2019 15:02:32 +0000</pubDate>
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					<description><![CDATA[In reply to &lt;a href=&quot;https://rightsideofthechart.com/charts-im-watching-today-42/#comment-8742&quot;&gt;Lacro33e&lt;/a&gt;.

I didn&#039;t add arrows on the TLT chart either as it takes a while took a while to put that post together &amp; I wanted to get it out asap. Basically, what I was saying with /NG is that the charts still look constructive (bullish) with more upside likely but in a perfect world, we wouldn&#039;t have weekly inventory reports on /NG. The weekly inventory report can &amp; often does cause very sharp &amp; immediate rips or dips in /NG, which is one of the most volatile commodities. As such, a more bullish or bearish report has the potential to foil the current technicals on /NG no matter how bullish or bearish the posture of the charts were before the report. Therefore, those swing trading /NG or UGAZ need to be aware of the risk of a sudden rip or dips at 10:30 am each Thursday when trading nat gas &amp; decide: A) whether or not they want to hold or close their position before the report to avoid being caught on the wrong side of a sharp &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;1) A bounce/pullback off support/resistance and/or a temporary consolidation around that level following a well-established trend leading up to that point. 2) A reaction low or high is a distinct point where the price of a security changed direction.&#039;&gt;reaction&lt;/abbr&gt; B) tighten up stops if they decide to ride out the report (and risk having the stop clipped on the post-report &quot;noise&quot; if their stop is too tight, even if NG ends up going in the direction of their trade shortly afterward) or C) how much capital they are willing to leave at risk in case nat gas makes a very sharp move following the report that could potentially bypass a well-placed stop by a fair amount, should there be a strong rip or dip.]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://rightsideofthechart.com/charts-im-watching-today-42/#comment-8742">Lacro33e</a>.</p>
<p>I didn&#8217;t add arrows on the TLT chart either as it takes a while took a while to put that post together &#038; I wanted to get it out asap. Basically, what I was saying with /NG is that the charts still look constructive (bullish) with more upside likely but in a perfect world, we wouldn&#8217;t have weekly inventory reports on /NG. The weekly inventory report can &#038; often does cause very sharp &#038; immediate rips or dips in /NG, which is one of the most volatile commodities. As such, a more bullish or bearish report has the potential to foil the current technicals on /NG no matter how bullish or bearish the posture of the charts were before the report. Therefore, those swing trading /NG or UGAZ need to be aware of the risk of a sudden rip or dips at 10:30 am each Thursday when trading nat gas &#038; decide: A) whether or not they want to hold or close their position before the report to avoid being caught on the wrong side of a sharp <abbr class='c2c-text-hover' title='1) A bounce/pullback off support/resistance and/or a temporary consolidation around that level following a well-established trend leading up to that point. 2) A reaction low or high is a distinct point where the price of a security changed direction.'>reaction</abbr> B) tighten up stops if they decide to ride out the report (and risk having the stop clipped on the post-report &#8220;noise&#8221; if their stop is too tight, even if NG ends up going in the direction of their trade shortly afterward) or C) how much capital they are willing to leave at risk in case nat gas makes a very sharp move following the report that could potentially bypass a well-placed stop by a fair amount, should there be a strong rip or dip.</p>
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		<title>
		By: rsotc		</title>
		<link>https://rightsideofthechart.com/charts-im-watching-today-42/#comment-8744</link>

		<dc:creator><![CDATA[rsotc]]></dc:creator>
		<pubDate>Thu, 21 Nov 2019 14:47:48 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=194393#comment-8744</guid>

					<description><![CDATA[/NQ is currently testing the minor &lt;abbr class=&#039;c2c-text-hover&#039; title=&#039;An uptrend occurs when a security or index is making a series of higher highs &#038; higher lows.&#039;&gt;uptrend&lt;/abbr&gt; line + 8266 support with a solid break and/or 60m close below likely to spark the next wave of selling down to the 8200 support level although as I like to say, &quot;Support is support until &amp; unless broken.&quot;]]></description>
			<content:encoded><![CDATA[<p>/NQ is currently testing the minor <abbr class='c2c-text-hover' title='An uptrend occurs when a security or index is making a series of higher highs &amp; higher lows.'>uptrend</abbr> line + 8266 support with a solid break and/or 60m close below likely to spark the next wave of selling down to the 8200 support level although as I like to say, &#8220;Support is support until &#038; unless broken.&#8221;</p>
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		<title>
		By: Lacro33e		</title>
		<link>https://rightsideofthechart.com/charts-im-watching-today-42/#comment-8742</link>

		<dc:creator><![CDATA[Lacro33e]]></dc:creator>
		<pubDate>Thu, 21 Nov 2019 13:53:03 +0000</pubDate>
		<guid isPermaLink="false">https://rightsideofthechart.com/?p=194393#comment-8742</guid>

					<description><![CDATA[I&#039;m not sure what to make of the UGAZ chart  based on the one from the 19th. That chart showed higher price targets. This chart just shows where we are today I think. Should we be taking away the message that the chart from the 19th is off the table and we should close positions? Wait and hold? Add stops before report? There&#039;s nothing really there for those of us with limited experience . Thx.]]></description>
			<content:encoded><![CDATA[<p>I&#8217;m not sure what to make of the UGAZ chart  based on the one from the 19th. That chart showed higher price targets. This chart just shows where we are today I think. Should we be taking away the message that the chart from the 19th is off the table and we should close positions? Wait and hold? Add stops before report? There&#8217;s nothing really there for those of us with limited experience . Thx.</p>
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