Updated

THE KOG REPORT - Update

End of day update from us here at KOG:

So we followed the path on yesterdays Report and ideally, on a good day we would have wanted an undercut low and then the bounce. Instead, we got the high, got the move down and then decided, due to CPI we would take what the market gave and wait. Fortunately, it was a no show CPI and the range continued.

So now, we'll stick with the plan and follow the bias levels, above 3240 we'll look for higher pricing and maybe tomorrow Excalibur will give us that BOOM that we want.

For now, support 3230, resistance 3265 on the attack.

KOG’s Bias of the day:

Bullish above 3240 with targets above 3258✅ and above that 3265✅
Bearish on break of 3240 with target below 3230✅ and below that 3210

RED BOXES:

Break above 3265 for 3272, 3275, 3288 and 3006 in extension of the move
Break below 3250 for 3235✅, 3230✅, 3226✅ and 3207 in extension of the move

KOG’s bias of the week:

Bullish above 3310 with targets above 3335, 3345, 3350, 3350, 3362 and 3370
Bearish below 3310 with targets below 3306✅, 3301✅, 3297✅, 3285✅ and 3274✅

RED BOXES (TAKE NOTE)

Break above 3335 for 3342, 3350, 3354, 3365, 3370. 3373 and 3385 in extension of the move
Break below 3320 for 3310✅, 3306✅, 3298✅, 3293✅, 3285✅ and 3279✅ in extension of the move

As always, trade safe.

KOG

Trade closed: target reached

We wanted to hold for that 3270-75 region but again could only manage 3255. That fact that we're struggling to break above that level entails caution now as the range continues. We have a pattern in play which we're monitoring, upon the false breakout, we'll then look to get back in.

KnightsofGold

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THE KOG REPORT

by KnightsofGold