THE KOG REPORT - Update

End of day update from us here at KOG:

Price is moving as we'd hoped upside only we didn't get the retest of the low that we wanted. We were expecting it to be a quiet day but we've still got some decent movement for those who are in long from the open. Our first target region has been reached 2350-55 where we're seeing a slight RIP, however, nothing significant at due to the low volume in the markets.

So, what now?

We've highlighted the support region below around the 2340-45 mark, which we feel if held should push us up further to complete the higher target given, which is where we want to see what happens. Too early to say we'll flip, so we'll go with the price as it stands with 2360-65 resistance and 2340-45 support.

As always, trade safe.

KOG

Commentaire:

2340 held giving a nice entry for the long. We had Excalibur active which is complete as well as our daily bias level targets. Stops to entry, let your runners run, let's see if we get those higher targets