THE KOG REPORT - Update

End of day update from us here at KOG:

In the KOG Report we said we would be looking for one of the support level to hold and we would like to long into the levels above. We got a nice trade earlier from the lower support level and then we took another long on the second confirmation giving us a blinding start to the week in Camelot. Well done if you followed!

So, what now?

We have support now at the 2306-8 region which if defended should give us completion of the move into the 2320 and above that 2325 region for the coming session. We're in long at the moment protected at break even holding runners, so we will need to wait for a clean confirmation of a turnaround, otherwise we will continue into the order region which was highlighted on the KOG Report.

For now, a great start to the week! We're going to reduce lots sizes and tighten the risk now as we have FOMC and CPi approaching this week. We're expecting some choppy and ranging price action tomorrow and we're not giving anything back unless it's clean.

Let's stick with the plan.

As always, trade safe.

KOG