THE KOG REPORT - Update

End of day update from us here at KOG:

In yesterday's update we said we would still be looking for that 2320 level to hold price so we could attempt to go higher. Today, bar a little dip below we managed to get a decent long using the red boxes up into the resistance level where we were waiting for price to react.

We're still ranging while a breakout is pending, all we need now is some news to drive the price out of this range, so we'll play the range until then. As it stands we still have support at the 2320-22 level, which if it continues to hold will complete our move up into the higher level where we will again look to short as per the KOG Report. Resistance is shrinking so we have circled our area of interest with the potential move as long as price stays above.

As we mentioned in the KOG Report, if we break below we'll complete the target without having got the entry levels that we wanted.

Support 2320-22, above that 2333-40 potential.

As always, trade safe.

KOG

Trade closed: target reached:

Lovely move from the lower hotspot back up into the higher hotspot target level. Nice way to start the day!