THE KOG REPORT - Update

End of day update from us here at KOG:

Yesterday we went long into the higher levels and said we would wait a for a little higher to then attempt the short trade. We gave the level 2350 but price fell just short of 2355 before giving us the signal to short it initially into the 2335-30 region, and below that we activated again 2320. A lovely move completing our Excalibur target as well as KOG's bias targets which were shared with everyone this morning.

So, what now?

We have the resistance level 2335 which needs to hold price down and if we get another signal, we'll look to add another trade to take this lower. We have to note, we're still in the range and the movement, although erratic is gradual so please don't trade it mid-range. Support again below at 2320 is holding us up while we accumulate in the region. More news to come throughout the week which is going to cause volatility so we're not discounting another attempt at 2345-50 at some point.

For now, we'll stick with the plan on the KOG Report.

As always, trade safe.

KOG

Comment:

Just to update what we're doing in Camelot. We had a long activation early session which we took and TP'd. We then had our hotspots which gave a swoop low and another long following the red box strategy as we're in a small range. We were anticipating a move upside into the order region which is where we are close to now.