THE KOG REPORT - Update

3 set

End of day update from us here at KOG:

What a day here on the markets! Yesterday we said we would stick with the plan and look for the resistance levels above to give us clues as to the move down. Our red boxes confirmed the move together with KOG's bias of the day giving traders a nice short trade. We had highlighted the region we wanted for the TAP AND BOUNCE, we completed Excalibur and then got the move upside. Couldn't have done any better than that!

Now, as long as the support level 2480 holds we would expect price to attempt to close above the 2495 region, so that will the region we take a majority of the long trades and protect them. We'll be looking for another set up tomorrow, potentially to complete the move, so stay tuned.

As always, trade safe.

KOG

4 set

Nota

So far this week we've got the move up, not exact but we've got the move down we wanted. Support held, we got the move up again into the region 2495 which we wanted to watch for the close.

We plotted this range on Sunday, and it's been following pretty well so we'll look for this to continue the path to complete the move as suggested in the KOG Report. Support below 2473-70 needs to break to go lower, while resistance above now stands at 2485.