THE KOG REPORT - Update
End of day update from us here at KOG:
We got the move up into the resistance level which we wanted to monitor expecting a close. That level actually gave us a short activation allowing us to then take this back down into the 2470-75 level where we got the TAP AND BOUNCE for the long.
We'll now be looking at the 2498-2501 level as resistance, if held we feel price should attempt that key level support on the flip 2490-92. This is the level which is supported, could give us a further push upside into the 2503 level initially. Tomorrow we're expecting this to start the pre-event range so expect MA's to draw closer together and choppy price action before Friday's NFP.
As always, trade safe.
KOG
We got the move up into the resistance level which we wanted to monitor expecting a close. That level actually gave us a short activation allowing us to then take this back down into the 2470-75 level where we got the TAP AND BOUNCE for the long.
We'll now be looking at the 2498-2501 level as resistance, if held we feel price should attempt that key level support on the flip 2490-92. This is the level which is supported, could give us a further push upside into the 2503 level initially. Tomorrow we're expecting this to start the pre-event range so expect MA's to draw closer together and choppy price action before Friday's NFP.
As always, trade safe.
KOG
Comment
Pull back initiated into the support level giving the move upside, target completed
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🟡 Disclaimer: Not financial advice. For educational purposes only.
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