THE KOG REPORT - UPDATE

End of day update from us here at KOG:

Apart from the stop hunt above the bullish target 2109 which was completed on open, the path has gone as expected. Those who managed to get the long trade well done. We said the ideal scenario would be to catch the swing short from above and carry that trade down into the region highlighted. As you can see, this level is now complete as well.

Support now stands at the 2010 level with resistance 2030 and above that 2037. Our bias was bearish below with target level 2020 which completed and below that 2001, which is outstanding. A temporary bounce here could be on the cards here so watch the levels of 2030-35 where we may form a range.

As always, trade safe.

KOG

Trade chiuso: obiettivo raggiunto:

As per yesterdays end of day, tap and bounce from the level highlighted giving the long trade in to the order region 2030-35. We're ranging now pre-event, support 2020 needs to break while resistance 2035 looks like its again a target region.