THE KOG REPORT - Update

End of day update from us here at KOG:

Yesterday we posted the idea to short into the support level and then take the long trade back up looking for the higher levels, which has worked well. Our target level has been market complete, so for this report we would say, anyone long from below, protect, take partials and let's see if we can break above the 2350 region and hold if we're going to see higher pricing.

So, what now?

We have support below 2340, which has flipped us again but as you can see, we have a strong resistance level here in 2355. Ideally, we should see a pullback in the Asian session, and if held again a push upside into the higher levels. For us, we're done, we've have an extremely successful month again and due to it being the end of the month and a Friday tomorrow, we'll most likely be taking it easy in Camelot awaiting the monthly close.

So, if you're in you're in, happy days and protect. If you're not in, sit it out and come back next week.

As always, trade safe.

KOG

Comment:

Lower target level is complete. Small bounce, nothing to write home about! MAs are close together breakout pending with high volatility news expected. Very light trading today