NG1! Is Very Bearish! Short!
Take a look at our analysis for NG1!.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 2.465.
The above observations make me that the market will inevitably achieve 2.316 level.
P.S
Please, note that an oversold condition can last for a long time, and therefore being oversold doesn't mean a price rally will come soon, or at all.
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