THE KOG REPORT - Update

Dec 5, 2024

End of day update from us here at KOG:

Yesterday we wanted the support level to hold on the red box and give us the move upside to target the resistance which worked well for us during the early session and again later in the NY session.

We then held back due to the range expecting another attempt at the 2655-60 region which didn't come, however, we managed a lovely long from the Excalibur Hot Spot which lined up with the Red Boxes giving us phenomenal trade to end the day.

We're now at Red box active support, so a bounce here should take us up into the 263035 region which is where we would ideally want to see a reaction in price. Having said that, we have NFP tomorrow so a break below can take us into the extension of the level below 2610-15 on the stretch. We're not really looking to stay active on the markets now, rather wait until NFP tomorrow, assess the chart and the indicators, then decide what we're going to do. For now, it's been a great week on the markets, we don't want to give anything back.

RED BOXES: Break below 2640 for 2635, 2630 and 2617-15 in extension of the move

As always, trade safe.

KOG

Dec 6, 2024

Trade closed: target reached

We got the move up we wanted, got the RIP and then completed all the targets below. Now its NFP day, please sit back