THE KOG REPORT - Update

End of day update from us here at KOG:

Yesterday we said we wouldn't be discounting another move into the 2345-50 region and for that reason to play caution. We have a bias level today at 2348 and an activation to long which worked well early session, and then again during the news volume which took us into the bias level and slightly beyond. It's here we suggested not to attempt the short as there was no clear set up available.

So, what now?

We're in the order region again with the support level now 2340-45 which will need to break for us to go lower. We're still in the range so no breakout as yet, price is playing the up and down whipsaw, which has worked well for us. Now resistance stands at 2360-65 and above that the extension level 2370 which we'll be keeping a close eye on to target if support holds. For now, we would expect there to be a pullback into that 2345-40 region over the coming session.

As always, trade safe.

KOG

評論:

No pullback into the support region early session. We wanted to get in for that 2365 and 2370 target, missed trade.