channel-man
Short

5 Bearish signs on NATGAS

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

Comments

Very helpful! Thanks a lot!
What do you think about my analysis:
Reply
channel-man VasilyPonomarev
@VasilyPonomarev, Looks great. So on Hourly we will see the drop soon too! Thanks a lot for sharing. Keep up he good work!!
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out