THE KOG REPORT - Update

End of day update from us here at KOG:

Yesterday we said we wouldn't be going long until we got lower, instead, if we got the bounce into that resistance level we'll short it again. We didn't get the move up but Excalibur confirmed the move down and continuation for us so we remained with the short giving us a fantastic end to the week. We're too low now to short it so only long trades are applicable here, support below has held with the first resistance level being 2410 and above that 2415.

A break above 2415 should take us into the order region again where we can look for a RIP. Otherwise, week is done, it's been fantastic and we'll come back on Sunday for the KOG Report.

Wishing you all a great weekend ahead.

As always, trade safe.

KOG