THE KOG REPORT - Update

End of day update from us here at KOG:

Yesterday we said we would be looking for the trade down into the support region and then a bounce to take us upside into the higher resistance levels. During the session we said we would only take the long if the set up was clean and we managed to get in twice from the support region and the lower level extension level 2337.

So, what now?

We're in a small range now and the market is accumulating pending a breakout. For that reason, we have the lower level of 2320 where if price is taken we may get a RIP. We've used this 2340-37 region enough now, so going long here is not an option for us, if we get lower we'll attempt a long on a clean set up, otherwise, we'll wait higher to go short. Mid-range trading is not something we want to get involved in now as we draw even closer to the month end.

As always, trade safe.

KOG

Komen:

Short trade into the zone checked and complete, pip to pip tap and bounce from the level upside. Protect and partials, or manage your trades.

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