THE KOG REPORT - Update

End of day update from us here at KOG:

Although it's been a choppy and ranging day we managed to get our long trade from the support level show yesterday giving us a point to point move for the trade. We then gave trades another opportunity during the US Session from immediate levels on the red boxes completing the targets bar 2645.

Now, due to this range and accumulation, with sentiment being neutral we will say please stay out of the immediate whipsaw and instead, we'll look for the break in either direction to confirm the move. Below the 2635 region we're still looking downside, however, a break above and we'll go into the order region before a potential RIP. We would like to see our last Red box target completed and an attempt on the bias level but we'll have to wait and see what the next session brings us.

For this one, we're on the side lines, as a move here is going to be extreme.

RED BOXES:

Break above 2626 for 2633, 2635. 2637 and 2645 in extension of the move
Break below 2620 for 2614, 2607 and 2597 in extension of the move

As always, trade safe.

KOG
Supply and DemandSupport and ResistanceTrend Analysis

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