THE KOG REPORT - Update

27 janv.

End of day update from us here at KOG:

Yesterday, pre-market open we wanted price to attempt the high and fail giving the short, or, attack the order region 2750-55 from open giving traders the opportunity to short and then capture the tap and bounce from lower. We managed to get the move, however, the structure entailed lower pricing exhausting at our lower level for the long 2730-5.

As we said in the KOG Report, we have FOMC on Weds and it looks like the pre-event chop has already started. We have support below at the 2723-20 region, this is where we would ideally like to see price give another RIP to the upside. For now, a bounce here turns resistance into the 2745 price point which if held should take us lower.

KOG’s bias for the week:

Bullish above 2750 with targets above 2784, 2793 and above that 2810 pre-event
Bearish on break of 2750 with target below 2735✅

Red boxes:

Break above 2780 for 2793, 2795, 2806 and 2827 in extension of the move
Break below 2770 for 2765✅, 2757✅, 2755✅, 2750✅ and 2743✅ in extension of the move

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As always, trade safe.

KOG

28 janv.

Trade fermée: cible de profit atteinte

We wanted the bounce up in the early session to target that 2745 region which is now complete. Support stands at 2730 with resistance 2745-50