THE KOG REPORT - Update

End of day update from us here at KOG:

Yesterday we suggested holding long trades from the 2299-95 region and to look for price to attack the 2310 and above that 2315-17. We then updated the plan and said anyone long should protect, take partials and leave runners as we can see higher pricing. Our daily bias number 1 was 2325 which gave traders the short scalp and above that 2330 which again gave those wanting to short a small RIP. For us though, the long trade was enough to end the month.

Now we have resistance here 2330-35 which if defended should give us an early session retracement into the 2320 and below that 2317 region. We're on the flip now so traders need to entail some caution on shorting this too soon with it being the end of the month and the quarter. The extension of this move is above at the 2338-40 price region with the bias still bearish below.

This is most likely us done for the month, we've had another fantastic month across all pairs, tomorrow is the last trading day of the month, and something we probably won't involve ourselves in.

As always, trade safe.

KOG

Commentaire:

That's the short into the 2320 region giving the tap and bounce into the order region. Now we're at a key level of resistance, price needs to be monitored. It's the last trading day of the month so please take it easy and expect some aggressive movement