THE KOG REPORT - Update

End of day update from us here at KOG:

Would love to say we had a fantastic day, in all honesty, what a headache of a range this has been. We managed to catch a short, took partials, got stopped at break even, then flipped, made sure we wouldn't go long, then flipped again and went short to hit Excalibur. The move was so frustrating, we gave up half way through the day and left the chart alone. Anyhow, we're still got a decent trade out of it. It's just not making that move we want easy, instead giving us the red box scalps perfectly, but that's not what we're after, we want to see this complete the Excalibur target.

So, what now?

We continue to range and accumulate, it's that simple. Support 2295 has given a push upside which makes 2310-13 resistance now and the bias level still in tact. Its still within the bias levels and it's moving but very choppy which looks like it will carry into tomorrow. For that reason, we've given a target level and we've given the bias, we'll stick with the plan for now and look for lower pricing unless we break above.

Apologies all, there may have been some confusing posts today, but hopefully sharing the red boxes and what we were doing helped you.

As always, trade safe.

KOG