channel-man

5 Bearish signs on NATGAS

Short
OANDA:NATGASUSD   CFDs on Natural Gas
I expect some bearish movement on the NATGAS
if it closes under the MA50 (wait for retest, check 4H) then there is a SHORT opportunity

why?
1. bounced off strong resistance area (R)
2. respected downward trend line (purple)
3. RSI (still) bearish, as well as MACD
4. confirming 0.5 Fib retracement level
5. longer term trend is down
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