THE KOG REPORT

KOG Report:

Brief KOG Report this week -

For this week as we’ll stick with the same bias as last week, which was bearish below, but we’re going to put a big caution on it for the early part of the week. We have the order region below with key level support being the 2035-38 region, where, if targeted and supported we feel will represent an opportunity to long the market back up towards the 2070 and above that 2075-80. This level (2075) is crucial for bears to monitor and bulls to attempt to break to the upside. as a reaction in price here is likely! Breaking this level will open up the higher pricing with the next key level above being 2090-95 so if we get the long and see aggression in the markets, it’s a good idea to hold on to a portion with an open TP.

On the flip, if we continue upside from the opening, we’ll be looking above at the 2075-80 and above that 2090 regions for exhaustion of price, before we attempt to target the immediate support levels below, which will be traded level to level for now.

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As always, trade safe.

KOG