NG1! Is Bullish! Long!
Henry Hub Natural Gas Futures NYMEX_DL:NG1!
Time Frame: 9h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 2.792.
Considering the today's price action, probabilities will be high to see a movement to 2.966.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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