THE KOG REPORT - Update

Jul 29, 2024

End of day update from us here at KOG:

We're sticking with the plan where we were looking for this to go down into the support level shown on the chart. That move gave us a nice short completing the target and giving a small bounce so far, from support. As long as this support level holds we'll continue to expect price to go higher into the region we've given before any opportunity for a RIP.

It's been quiet and choppy and apart from the short, nothing exciting to write home about. We're expecting more ranging and choppy price action with the support level 2370-65 and immediate resistance 2385-90 which will need to break.

As always, trade safe.

KOG

Jul 30, 2024

Note

Price doing what we wanted so far, dipped into support and bounced giving a nice long trade. We'll hold the longs for now with support 2380 and resistance 2395