THE KOG REPORT - Update

End of day update from us here at KOG:

In yesterrdays update we said we wanted to see a pullback into the lower support region and if held, we would want to target the 2365 and above that 2370 levels. Unfortunately, the pull back didn't present itself, however, those who used their initiative would have managed to grab something from the trade. We then activated short, giving us a nice trade down before we got the bounce we mentioned from support to where price is now.

So, what now?

Due to NFP tomorrow we're likely to see some choppy price action and potential ranging while MA's are pulled together. We have support still holding below at the 2355-50 region with extension of the move into 2345 and now resistance above 2375 which has been circled. As long as support holds up the price, a further move up has potential to close the day. Would we trade it? NO! Not interested now until NFP is done and dusted, that's where the best trades will come.

We'll be back tomorrow with our NFP report and view pre-event.

As always, trade safe.

KOG

Yorum:

Nice early morning move there from circle to circle. Support now should form around the 2335 region pre-event unless broken, with resistance 2350