THE KOG REPORT - Update

End of day update from us here at KOG:

Yesterday we said as long as that support level held we would be looking to long into the higher resistance levels and our Excalibur targets which worked out well for traders today. We mentioned in the KOG Report the importance of the 2320 level and how they were using it to propel the price in either direction during the accumulation. We also said that if the break above that 2345-50 level we would be looking at the extension of the move into the 2370 region.

Now we're close, we would say support turns to 2345-50 which if attacked first and held, may represent an opportunity to target that higher level on the chart. It's those higher levels that are of importance and we need to monitor for RIPs, also shown on the chart.

For now, our move worked out well, we've been down and up hopefully we'll catch another nice trade tomorrow.

As always, trade safe.

KOG

Kommentar:

Forgot to add, it's long with caution at the moment so please make sure it you are going to long, it's from a key level. If this turns, it will be really aggressive

Trade geschlossen: Ziel wurde erreicht:

Target level reached and complete. Small bounce so far, nothing significant, so take what you get. It's Friday so we'll be taking it slow now after another fantastic week

Kommentar:

Rejection held and moved lower, please take or protect if you sold.