THE KOG REPORT - Update

End of day update from us here at KOG:

In this mornings review, we suggested not to long the market as we're at all time highs and it would be better to wait for price to do what it wants to do. We did give a bias as bearish below 2045 which was tapped and then rejected giving us a short opportunity of 50-70pips on the spike down. For now, we've identified the long and it's been posted, so we'll stick with the same plan as yesterdays EOD, where we're looking for resistance above and based on a clean structure, a potential relief move into lower support levels.

Resistance 2150-55 with support now standing at 2135, the range is highlighted on the chart.

As always, trade safe.

KOG

Yorum:

Price has reached our desired region for the long. We're now hovering here pre-event, so any positions taken need to be taken with caution due to NFP tomorrow.