THE KOG REPORT - UpdateEnd of day update from us here at KOG:
Not a bad day on the markets but the ranging only allowed us to scalp and take short trades from the bias level published and the extension level which did give an extremely decent move downside.
We now have support at the 3320 level with resistance 3330 which should be attacked if support holds. There is a level below 3310-12 which needs to be kept an eye on for the Asian session, but for now we'll stick with the plan.
Tomorrow we have a lot of news and after the accumulation over the last two days we're expecting some aggressive price action. Take it easy, play the game and remember, large lots on small accounts blow accounts.
KOG’s bias of the week:
Bearish below 3336 with targets below 3306✅, 3299✅, 3297✅, 3285 and 3275
Bullish on break of 3336 with targets above 3345✅, 3350, 3355, 3367 and 3376
Red boxes:
Break above 3310 for 3320✅, 3332✅, if held above 3335✅, 3347 and 3362 in extension of the move
Break below 3306 for 3299✅, 3295✅, 3285, 3280 and 3264 in extension of the move
As always, trade safe.
KOG
